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Shiba Inu (SHIB) Price Hits Key Support After Steep 40% Fall
In a sudden and drastic move, the Shiba Inu (SHIB) price has plummeted by an astonishing 40%, leaving many in the crypto community reeling. The token’s value has now reached a crucial support level of $0.0000200, sparking concern among investors and analysts alike.
The recent sell-off has seen SHIB drop from its peak of $0.0000334 on December 8 to its current price, marking a sharp decline that has raised more questions than answers. The cryptocurrency’s momentum has shifted dramatically in a short span, leaving many unsure of what the future holds for this popular altcoin.
However, some are holding onto hope as the token’s price has reached a critical support level at $0.0000200. A rebound from here could potentially spark a bullish rally, giving investors and enthusiasts renewed enthusiasm and confidence.
Source: cryptonewsland.com
