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Shiba Inu (SHIB) Finds Support After Major Drop Amid Ongoing Bearish Trend
Shiba Inu (SHIB) has steadied after experiencing a rapid decline, with the current price at $0.00001266. The cryptocurrency dropped from $0.00001500 to $0.00001250 and has been trending downward, representing a 54.73% decrease over the past 180 days. Support is now identified at $0.00001250, while resistance lies between $0.00001350 and $0.00001400.
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AI Analysis
Shiba Inu's recent price action indicates that after a sharp decline, the cryptocurrency has found a temporary footing at its current support level of $0.00001250. This level has historically acted as...
AI Recommendation
Given the current stabilization at a crucial support level, it may be prudent for traders to adopt a wait-and-see approach, observing if the price consolidates or breaks below support. For those consi...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.