The cryptocurrency Shiba Inu (SHIB) has seen a bearish turn and has underperformed compared to other cryptocurrencies in the market. It has broken below important support levels, particularly concerning is the breakdown below the 200 EMA, a key technical indicator for long-term trend analysis. The decline in SHIB's price emphasizes its weaker position compared to the overall market, which is still showing upward momentum. SHIB is currently trading at $0.00001999 and struggling to hold above $0.00002000. If these levels are not recovered, there may be further declines, possibly targeting $0.00001850 or lower. The increase in sell volume suggests less optimism from market players. Meanwhile, major cryptocurrencies like Bitcoin and Ethereum are rising, making SHIB appear weaker and diverting investor attention to better-performing assets. For SHIB to regain momentum, it needs to rebound above the 200 EMA and recover the $0.00002226 resistance level. The next few days will be crucial in determining whether the market can bounce back or continue its downward trend, so caution and avoiding risky trades are advised to protect portfolios.



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