Shiba Inu Faces Critical Support Level Amid Bearish Pressure
- Shiba Inu’s price is nearing the critical support level of $0.00001272.
- Sellers have tightened their grip, increasing bearish sentiment and pressure on SHIB.
- The MACD indicator shows growing bearish momentum as the MACD line trends below the signal line.
- SHIB is trading below the 100-day Simple Moving Average, indicating a potential extended downtrend.
- If SHIB closes below $0.00001272, the next key support level to monitor is $0.00000847.
Shiba Inu is under significant selling pressure, with its price approaching a critical support level of $0.00001272. The ongoing bearish momentum, highlighted by technical indicators like MACD and trading below the 100-day SMA, suggests a risk of further decline if this support fails to hold.
Source (2.6)https://www.newsbtc.com/shiba-inu/shiba-inu-to-hit-0-00001272/?rand=52377
