Time is running out for Shiba Inu (SHIB): OK or continue?

Shiba Inu (SHIB), which has reached a decisive point in terms of technical structure, may explode in a short time.

Shiba Inu (SHIB), which is closely followed by Memecoin enthusiasts, has been silent for a while. SHIB, which has been somewhat forgotten compared to other memecoins, has reached a critical level according to technical analysis. A sharp move upwards or downwards in this process will put SHIB at the forefront. Even though we generally witness sharp increases in the breaking of the falling trend, things may be a little different when it comes to memecoin.

Can SHIB, which has had a negative outlook for about three weeks, break out and achieve a significant increase?

It is eagerly awaited to see how the accumulation process will turn out!

SHIB, which could not overcome the downward trend and retreated to an important region, is trading at $ 0.00000899 as of the writing of the news. We can observe a sharp increase in SHIB due to the stable and voluminous trend break at first and then to the increase in demand for memecoins. In addition, the price movements of Dogecoin (DOGE) and Floki Inu (FLOKI) in the current period may also affect SHIB.

Factors such as the loss of popularity of Memecoins, the relaxation of BTC towards $ 42,500, or the sharp rise in BTC dominance will shake SHIB. In such a scenario, the sellers' hand may become stronger and push the price down to 0.00000844 - 0.00000799 and 0.00000751, respectively. Especially if the gray area is lost, a solid bear dominance can be observed in the parity.