Shiba

Rally

Bitcoin

Dogecoin

Shiba Inu

<div class="watcher-guru">
 <p>Shiba Inu finally broke below a pivotal support level this week that had held firm since mid-January, raising the risk of an extended selloff toward further depths.</p>
 <p>SHIB collapsed below $0.000009 support amid a broader cryptocurrency meltdown that has Bitcoin hovering around $39,000. The meme token has shed nearly 8% over the last seven days, with technically significant support levels now in danger.</p>
 <p>The breakdown quashed hopes that embattled SHIB bulls could use the $0.000009 level as a launchpad once markets eventually turn. Instead, price erosion opens the door to testing new support tiers highlighted by analysts.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p><strong>Also read: Dogecoin (DOGE) February Price Prediction</strong></p>
 <h2 class="wp-block-heading" id="h-will-shiba-inu-plunge-lower">Will Shiba Inu plunge lower?</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp" alt="Shiba Inu: $1000 in SHIB Becomes $9 Million in January 2024" class="wp-image-125294" srcset="https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 1024w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 300w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 768w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 1536w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 380w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 550w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 800w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 1160w, https://cdn.thebittimes.com/images/2024/01/27/1b1885e6d020b39914c3d40ea6f71bed.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
 <p>For now, SHIB is clinging above its 0.5 Fib line around $0.0000087. However, continued pressure risks breaching that support to feed additional capitulation toward the highly symbolic $0.000008 figure, which represented resistance last November.</p>
 <p>To avoid that outcome, Shiba Inu needs to reclaim its former foothold at $0.000009 fast. With Bitcoin struggling for traction of its own, analysts aren’t highly confident in the prospects of major altcoins regaining lost ground for now.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Buying interest also risks further deterioration if lower support thresholds cave and validate a technical breakdown. Without a swift trend change, SHIB remains vulnerable to revisiting almost two-year lows.</p>
 <p><strong>Also read: 5 Cryptocurrencies Under $0.10 That Can Rally Like Shiba Inu</strong></p>
 <h2 class="wp-block-heading" id="h-next-levels-to-watch">Next levels to watch</h2>
 <p>According to the latest data, SHIB’s crucial test starts with defending $0.0000087 support in the coming days. A decisive daily close below that level likely opens the door to nullifying additional defenses.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p>Data from CoinGecko shows that SHIB has been trading in the red. The second-largest meme coin has shed almost 20% in the last 30 days.</p>
 <p>From there, only a sudden surge of buying interest and positive sentiment tied to crypto-specific developments could prevent the mem coin from extending its protracted crash since 2021 all-time highs.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-breaks-below-key-0-000009-support-what-s-next-tbt77908.html">https://thebittimes.com/shiba-inu-breaks-below-key-0-000009-support-what-s-next-tbt77908.html</a></p>

Shiba Inu Breaks Below Key $0.000009 Support; What's Next?

목차

TheBitTimes

2024년 1월 26일에 게재된 다른 기사

OKX to Phase Out its Mining Pool Services

OneCoin Scam Lawyer Faces Decade Behind Bars for $400 Million Laundering

OCEAN Price Prediction: Will OCEAN Rebound From 200 Day EMA?

Industry Experts Suggest Opting for Pandoshi (PAMBO) Over Ethereum (ETH)

Why Is Polkadot (DOT) Price Up?

Identifying the Achilles’ Heel of Spot Bitcoin ETF

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!