{"id":664254,"date":"2024-12-18T19:30:14","date_gmt":"2024-12-18T19:30:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=664254"},"modified":"2024-12-18T10:17:03","modified_gmt":"2024-12-18T10:17:03","slug":"shiba-inu-falls-below-0-00002631","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/shiba-inu\/shiba-inu-falls-below-0-00002631\/","title":{"rendered":"Shiba Inu Falls Below $0.00002631 As Bears Dominate The Market, Time To Buy?"},"content":{"rendered":"

Shiba Inu<\/span> (SHIB) has seen intense bearish pressure as its price slips below the critical $0.00002631 level. This downward move reflects growing market challenges, with SHIB struggling to maintain its position above the 100-day Simple Moving Average (SMA). The break below this key threshold highlights the <\/span>dominance<\/span><\/a> of sellers, raising questions about the token\u2019s ability to recover in the short term.<\/span><\/p>\n

As negative momentum builds, SHIB\u2019s price action is at a pivotal point. Will bulls muster the strength to reclaim lost ground, or is the <\/span>meme coin<\/span><\/a> headed for deeper declines? The coming days will be crucial in determining the next phase of Shiba Inu\u2019s journey.<\/span><\/p>\n

Technical Indicators Signal Continued Bearish Pressure For Shiba Inu<\/h2>\n

Currently, the price of Shiba Inu is trading below the 100-day SMA, a key technical indicator that often signals the broader trend in the market. Trading below this crucial level suggests that bearish momentum is outweighing bullish efforts, creating a challenging environment for SHIB.<\/span><\/p>\n

Related Reading: Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green<\/a><\/div>\n

The 100-day SMA typically acts as a dynamic support level in uptrends, helping to sustain upside strength. However, its current position below $0.00002631 indicates that the token has struggled to regain its upward trajectory.\u00a0<\/span><\/p>\n

Furthermore, this development raises concerns about SHIB\u2019s ability to mount a recovery, as prolonged trading below this threshold could invite further selling pressure and deepen the pessimistic outlook. For SHIB to reclaim positive <\/span>momentum<\/span><\/a>, a decisive move back above the 100-day SMA is essential, triggering renewed strength and potential for recovery.<\/span><\/p>\n

\"Shiba
SHIB displaying bearish movement after dropping below the 100-day SMA | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Additionally, the Relative Strength Index (RSI) indicator has experienced a significant drop, currently sitting at 35%. This sharp decline reflects a substantial loss of <\/span>bullish<\/span><\/a> strength, with selling pressure dominating the market. At 35%, the indicator suggests that Shiba Inu is approaching oversold territory, highlighting the intensity of the recent downward move.<\/span><\/p>\n

Such a low RSI level could signal that the token is under heavy selling pressure and might be due for a short-term rebound if buyers begin to step in. However, the persistent bearish momentum could drive SHIB\u2019s price downward without a clear shift in market <\/span>sentiment<\/span><\/a> or buying activity. Monitoring the RSI in conjunction with other technical indicators will be crucial for identifying potential reversal points or continued downside risks.<\/span><\/p>\n

Key Support Levels Below $0.00002631: How Low Can SHIB Go?<\/h2>\n

As Shiba Inu slips below the critical $0.00002631 level, attention shifts to the next key support zone that could determine its price trajectory. The immediate support lies near $0.00002045, a level previously shown resilience during bearish phases. If this fails to hold, SHIB could face more declines toward $0.00001272 or even lower, testing the strength of market sentiment.<\/span><\/p>\n

Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH?<\/a><\/div>\n

However, if the <\/span>bulls<\/span><\/a> can gather enough strength at any of these support levels, it could trigger a <\/span>recovery<\/span>, pushing the price upward toward previous <\/span>resistance<\/span><\/a> zones. A rebound from these points would signal renewed buying interest and pave the way for Shiba Inu to regain lost ground, potentially reversing the bearish trend and reestablishing upward momentum.<\/span><\/p>\n

\"Shiba
SHIB trading at $0.000025 on the 1D chart | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB) has seen intense bearish pressure as its price slips below the critical $0.00002631 level. This downward move reflects growing market challenges, with SHIB struggling to maintain its position above the 100-day Simple Moving Average (SMA). The break below this key threshold highlights the dominance of sellers, raising questions about the token\u2019s ability to recover in the short term. As negative momentum builds, SHIB\u2019s price action is at a pivotal point. Will bulls muster the strength to reclaim lost ground, or is the meme coin headed for deeper declines? The coming days will be crucial in determining the next phase of Shiba Inu\u2019s journey. Technical Indicators Signal Continued Bearish Pressure For Shiba Inu Currently, the price of Shiba Inu is trading below the 100-day SMA, a key technical indicator that often signals the broader trend in the market. Trading below this crucial level suggests that bearish momentum is outweighing bullish efforts, creating a challenging environment for SHIB. Related Reading: Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green The 100-day SMA typically acts as a dynamic support level in uptrends, helping to sustain upside strength. However, its current position below $0.00002631 indicates that the token has struggled to regain its upward trajectory.\u00a0 Furthermore, this development raises concerns about SHIB\u2019s ability to mount a recovery, as prolonged trading below this threshold could invite further selling pressure and deepen the pessimistic outlook. For SHIB to reclaim positive momentum, a decisive move back above the 100-day SMA is essential, triggering renewed strength and potential for recovery. Additionally, the Relative Strength Index (RSI) indicator has experienced a significant drop, currently sitting at 35%. This sharp decline reflects a substantial loss of bullish strength, with selling pressure dominating the market. At 35%, the indicator suggests that Shiba Inu is approaching oversold territory, highlighting the intensity of the recent downward move. Such a low RSI level could signal that the token is under heavy selling pressure and might be due for a short-term rebound if buyers begin to step in. However, the persistent bearish momentum could drive SHIB\u2019s price downward without a clear shift in market sentiment or buying activity. Monitoring the RSI in conjunction with other technical indicators will be crucial for identifying potential reversal points or continued downside risks. Key Support Levels Below $0.00002631: How Low Can SHIB Go? As Shiba Inu slips below the critical $0.00002631 level, attention shifts to the next key support zone that could determine its price trajectory. The immediate support lies near $0.00002045, a level previously shown resilience during bearish phases. If this fails to hold, SHIB could face more declines toward $0.00001272 or even lower, testing the strength of market sentiment. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? However, if the bulls can gather enough strength at any of these support levels, it could trigger a recovery, pushing the price upward toward previous resistance zones. A rebound from these points would signal renewed buying interest and pave the way for Shiba Inu to regain lost ground, potentially reversing the bearish trend and reestablishing upward momentum. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":664256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[16393,14763,83668,83667,84562,84558,91599,85676],"class_list":["post-664254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-relative-strength-index","tag-rsi","tag-shib","tag-shiba-inu","tag-shibusd","tag-shibusdt","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nShiba Inu Falls Below $0.00002631 As Bears Dominate The Market, Time To Buy?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has seen intense bearish pressure as its price slips below the critical $0.00002631 level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. 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