Just checked Shiba Inu's chart and it's looking rough right now. Price broke below that $0.00000667 support we were watching, sitting around $0.0000056056 at the moment. The whole setup screams downtrend - moving averages are all pointing south and there's serious selling pressure.



What's interesting is that SHIB is technically oversold, which usually means a bounce could happen, but honestly the trend is too bearish to get excited about it yet. If we do see a relief rally, it'll probably be weak unless the broader market sentiment shifts or we can reclaim some key resistance.

Next levels to watch are $0.00000304 and then $0.00000138 if this keeps bleeding. Trading below all the major MAs, so unless something changes fundamentally, I'm expecting more downside before any real recovery. Not the most bullish picture for Shiba Inu holders right now.
SHIB-2.51%
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