Shiba Inu (SHIB): Avoiding an Extra Zero Leads to Price Drop
After dangerously approaching a price range threatened by five zeros, Shiba Inu $SHIB saw a notable turnaround, avoiding an additional zero level, and strongly returning to the $0.000011 area. This rebound sparked cautious optimism in the broader meme coin market and provided a slight morale boost amidst a massive sell-off. However, this rebound does not negate the fact that Shiba Inu is still under significant pressure and far from its previous highs.
Technically, Shiba Inu $SHIB
SHIB
0.00001164
+0.34%
shows a clear recovery, as a strong green candle formed on June 23, recording a daily increase of +1.38%, pushing the price to nearly $0.00001173 for Tether. The rebound occurred just above a previously tested local bottom, giving bulls enough margin to regain limited control - albeit not dominance.
#BinanceAlphaAlert #BinanceTGEXNY #BTCbelow100k #MarketRebound $BNB $BTC $SOL
