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SHIB’s Downward Pressure Grows: A Breakdown Below Support
As of March 26, 2025, Shiba Inu (SHIB) has been demonstrating a concerning trend in which the token is pushing against the key support level at 0.00001079 USD. This downward pressure has reached a critical juncture where SHIB may be on the verge of breaching this vital level.
As analyzed by crypto enthusiasts and market observers, it appears that SHIB’s price is locked within a narrowing triangle pattern, indicating an impending collapse if support fails to hold. Furthermore, both the MACD indicator and RSI have aligned with bearish momentum, suggesting a lack of strong buying pressure and the presence of persistent selling pressure.
Moreover, Fibonacci levels have revealed a potential downward trajectory for SHIB’s price in the event that support is breached. This could lead to further downside for investors holding the token.
Source: https://cryptotale.org/shibs-downward-pressure-grows-a-breakdown-below-support/
