Shiba

Shiba Inu

<ul> 
 <li>Shiba Inu displayed a 15% decline over the last 24 hours, dropping to $0.00003126.</li> 
 <li>The daily trading volume of SHIB experienced a 63% decrease in a day.</li> 
</ul> 
The leading memecoin, Shiba Inu (SHIB), is currently facing a <a href="https://thenewscrypto.com/shiba-inu-shib-soars-to-two-year-high-amidst-bull-run/" target="_blank" rel="noreferrer noopener">tricky situation</a> as its price hints at a potential downturn. While the major cryptocurrencies are experiencing a slight decline, SHIB’s recent performance suggests a significant challenge ahead. 
Over the last 24 hours, SHIB has witnessed a decline of over 25%, bringing its price from $0.00003708 to $0.00002944. At the time of writing, Shiba Inu traded at $0.00003207 with a market cap of $4.5 billion. This drop in SHIB’s price was accompanied by a substantial decrease in trading volume, which has fallen by 63% to $4.8 billion. Such a sharp decrease in both price and trading activity indicates a possible loss of investor confidence or a buildup to a significant sell-off. 
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 <img decoding="async" width="1024" height="343" src="https://thenewscrypto.com/wp-content/uploads/2024/03/image-33-1024x343.png" alt="" class="wp-image-93151" srcset="https://thenewscrypto.com/wp-content/uploads/2024/03/image-33-1024x343.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-33-300x100.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-33-768x257.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-33.png 1300w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Shiba Inu (SHIB) Price Chart (Source: <a href="https://in.tradingview.com/symbols/SHIBUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>))
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</div> 
The future of Shiba Inu’s price depends on its ability to maintain crucial support levels. If the price dips below the <a href="https://thenewscrypto.com/shiba-inu-shib-price-prediction/" target="_blank" rel="noreferrer noopener">key support level</a> of $0.000025, which triggered its recent peak gains, it could signify the end of the current bull rally and potentially trigger a bear market sentiment for SHIB. 
However, if SHIB manages to reclaim strength and recover, it may aim for <a href="https://thenewscrypto.com/shiba-inu-shib-bulls-on-track-will-it-new-all-time-high/" target="_blank" rel="noreferrer noopener">immediate resistance</a> at $0.000035. A successful breach of this level could pave the way for further rallies, potentially propelling the price towards $0.000038 and even $0.000045.

Shiba Inu Signals Breakdown at This Support Level

TheNewsCrypto

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