🔥 $SHIB Slides 5.30% — But Is This the Bounce Zone?
#SHIB is now trading at 0.00001340, down 5.30%, as meme coins face a wave of sell pressure. After peaking at 0.00001598, Shiba Inu is testing a critical confluence of moving average support right now.
📊 Chart Snapshot:
• MA(7) = 0.00001378 (now acting as resistance)
• MA(25) = 0.00001363 (also flipped bearish)
• MA(99) = 0.00001330 — this long-term support is holding for now
🧠 Price is hovering just above the 99-day MA — if bulls defend this, SHIB might see a relief bounce. But a breakdown here could drag price toward 0.0000123 or lower.
📉 Volume is fading, signaling caution. Momentum has clearly cooled off.
🐶 Decision time for SHIB — bounce or bleed?