Shiba Inu dangles at a key level, a drop might add an extra zero to price SHIB ShibArmy SHIBCommunity Shibainu
. A further drop from the current level might mean an extra zero added to SHIB’s price as it might test the $0.000009 level, with the October 13 low of $0.0000092 in view.
A year ago, the story was different as SHIB resolved a bullish pennant which culminated in an all-time high of $0.000088 on Oct 28, 2021.The year 2022 has been a tough one for global markets across the board amid a widespread meltdown. With the crypto market in need of new buyers, Gokhstein believes that meme cryptocurrencies such as SHIB might ultimately attract new retail buyers into the market owing to their cheap valuations.attempted a bounce off of $0.
The daily moving averages are sloping downwards and the RSI remains in the negative zone, suggesting an edge to sellers. If the SHIB price loses the key $0.000010 level, the $0.0000092 level might come next. In the event of sharp declines, SHIB might drop to June lows of $0.00000712.Alternatively, if buyers take the reins and drive the price once again above the daily MA 50 at $0.0000113, SHIB might reach the $0.000012 level before testing the barrier at $0.0000139.
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