Shiba Inu (SHIB) 300 Trillion Resistance Raises Some Concerns

$SHIB is on the verge of facing a solid resistance level that contains 300 trillion tokens that might hit the market after the price approaches the $0.000008 threshold

These insights come as SHIB has been showing signs of weakness, struggling to maintain its momentum in the face of robust selling pressure. As we previously reported, Shiba Inu has been trending downward and is seemingly set on a path toward a local bottom.

This move was triggered when SHIB failed to hold its 21 EMA support level, hinting at a potential bearish turn in its price action.investors may need to brace themselves for potential volatility ahead. A failure to break this formidable resistance level could lead to further price declines. However, as always in the world of cryptocurrencies, it is important to remember that the market is inherently unpredictable and prone to sudden shifts.

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