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The Bullish 🔥 and Bearish Case for Shiba Inu Price
Shiba Inu ($SHIB) stands at a critical crossroads, with potential turning points that could send it to new highs or see it plummet to new lows, depending on key technical levels and market sentiment.
A crucial support level around $0.000021, the 100-day EMA, serves as a psychological comfort for traders, and a breach below this level could send the price tumbling to the next significant support at the 200-day EMA, potentially dropping below $0.000010. Conversely, a bull flag formation on SHIB's daily chart suggests a potential bullish breakout targeting a rise to $0.000051, with resistance levels seen at $0.000023 and $0.000025.
#shib #shibainu #HotTopicDiscussion