Femifire

$SHIB

Shiba Inu has dropped over 15% from its July peak, aligning with a broader altcoin correction affecting Ethereum, Bitcoin, and Solana. The decline follows a 60% rally from June lows, likely driven by profit-taking.

Currently, SHIB has found support at the 100-day Exponential Moving Average (EMA), a historically strong level. Additionally, a cup-and-handle pattern has formed, with a breakout target near $0.00002185, 60% above current prices. A double-bottom pattern also suggests potential upside toward $0.000025, matching January’s high.

However, a drop below $0.000012 could invalidate the bullish outlook. For now, SHIB trajectory depends on whether key support holds amid ongoing market volatility.

#Paypal #Robinhood