Shiba Inu (SHIB)

This week, SHIB continued to fall, closing down 7%.

The price is now close to the key support level of $0.000014, which is the lowest test since early July.

Buying is expected to emerge at the key support level and attempt to achieve a reversal. If successful, their next target will be the key resistance level of $0.000018.

However, until then, the market momentum still tends to be bearish.

SHIB and other meme coins have experienced a few months of slump since the end of the boom period in late March.

It is expected that the market will have the potential to recover later this year, rekindling people's interest in investments, including meme coins.

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