SHIB (Shiba Inu) Price Breakdown Spells Trouble
Breaking below that 50-day EMA isn't just another dip - it's a big deal technically. This kind of breakdown usually means we're in for a rough ride, and SHIB is now sitting dangerously close to another major support level. If that one goes too, we could see this thing tank all the way down to $0.00001100 or worse.
The volume tells the real story here. Instead of people buying the dip like they usually do, we're seeing heavy selling pressure. That's not a good sign - it means people are actually losing faith, not just taking quick profits.
What's Next for SHIB Price?
The technical indicators aren't helping either. The RSI is heading toward oversold territory, but it's not showing any signs of a bounce yet. That usually means more pain is coming before things get better.
Here's the thing about SHIB breakdowns - they tend to stick around. Once this coin starts falling, it often keeps going for weeks or even months. Unless the bulls can somehow push it back above that 50-day moving average with some serious volume, the bears are going to stay in control.
Bottom line? That summer rally everyone was excited about might have been nothing more than bait. What comes next could get pretty ugly, so anyone still holding might want to think about their risk tolerance. This technical
rejection has all the hallmarks of a prolonged downtrend, and SHIB has a history of making these moves hurt. #MarketPullback
