Markets· ★★· bearish·

SHIB drops 10% to $0.0000056, tests 200-day moving average

  • —SHIB fell 10% from its local high to $0.0000056
  • —Sellers remain active in the $0.0000060–0.0000063 range
  • —Key support is the 200-day moving average at $0.0000056–0.0000057
  • —A break lower opens the next support near $0.0000054
Why it matters: Holding the 200-day moving average will determine whether SHIB's recovery structure survives or the push above $0.0000062 proves to be a failed breakout.
#SHIB
Source: Coin Türk
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