Overview

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Shiba Inu remains under pressure, both technically and fundamentally. The failure to break through the $0. level leaves the trend in bearish territory, and price SHIB drops 40% to critical support at $0. , testing future trend direction. SHIB forms a lower high after failing to break resistance at $0. since March. RSI shows potential Shiba Inu shows early signs of recovery, hinting that the correction could end. Can Shiba Inu break out and confirm the trend reversal? Let’s find out. The weekly time frame Shiba Inu’s NVT Ratio spikes, signaling overvaluation as network value outpaces transaction activity, increasing correction risks. SHIB’s candlesticks remain below Shiba Inu faces critical resistance at $0. , a key hurdle for bulls. A drop below $0. could signal a bearish trend with further downside. RSI indicates If it holds above the 50-day EMA and consolidates peacefully, it could potentially establish a base to attempt to break over the resistance at $0. once again. If Shiba Inu price remains volatile near critical support and resistance. SHIB burn rate surged 3,250%, reducing supply to 584 trillion. Analysts predict a possible 422%

Shiba Inu: Can It Finally Catch a Break? Vulnerable to 40% Correction?

Shiba Inu remains under pressure, both technically and fundamentally. Is SHIB destined for another downturn, or can it finally break free? Investors are watching closely as Shiba Inu remains volatile near critical support and resistance.

Shiba Inu's Struggle: A Technical Overview

The failure to break through the $0. level leaves the trend in bearish territory, and price SHIB drops 40% to critical support at $0. , testing future trend direction. SHIB forms a lower high after failing to break resistance at $0. since March. Shiba Inu faces critical resistance at $0. , a key hurdle for bulls. A drop below $0. could signal a bearish trend with further downside.

Signs of Hope? Potential Shiba Inu Recovery

RSI indicates Shiba Inu shows early signs of recovery, hinting that the correction could end. Can Shiba Inu break out and confirm the trend reversal? Let’s find out. If it holds above the 50-day EMA and consolidates peacefully, it could potentially establish a base to attempt to break over the resistance at $0. once again.

Fundamental Challenges: NVT Ratio Signals Overvaluation

The weekly time frame Shiba Inu’s NVT Ratio spikes, signaling overvaluation as network value outpaces transaction activity, increasing correction risks.

The Impact of SHIB Burn Rate

Despite challenges, SHIB burn rate surged 3,250%, reducing supply to 584 trillion. Analysts predict a possible 422% increase in value, should current trends continue.

Critical Support and Resistance Levels to Watch

SHIB’s candlesticks remain below $0. , further emphasizing the bearish pressure. A sustained break above this level is crucial for a bullish reversal. Conversely, a drop below $0. could trigger a further 40% correction.