news 
Title: Shiba Inu (SHIB) Crashes Dramatically, Losing 20%
Shiba Inu’s value has taken a drastic turn for the worse as it lost nearly 20% in recent trading. Despite the possibility of an oversold situation on the horizon, the RSI does not suggest a short-term reversal is imminent due to the lack of robust buying activity.
If SHIB fails to quickly recover its 50 EMA as support, the asset may test even lower levels. In this scenario, $0.00002044 would serve as critical support, with the 200 EMA providing a potential stabilization point.
However, the risk of further declines remains high in the absence of a wider market recovery or renewed buying interest.
Source: u.today
