Shiba Inu drops 3.1% to $0.0000056, loses short-term SMAs
- —SHIB trades at $0.0000056, down 3.1% on the day
- —Daily SHIB token burn plunged 97%
- —Price below 5- and 7-day SMAs, above 200-day SMA at $0.0000053
- —RSI at 54; volume 3.6% above the 30-day average
Why it matters: A break below $0.0000055 support would open the door to the 50-day SMA at $0.0000052 and invalidate the recent bullish momentum.
Source: DiarioBitcoin