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Shiba Inu is now at a critical moment. The price of SHIB has come down to the $0.000025 level. This is a very important price because it is the strongest support SHIB has reached this year, in 2024. People who invest in SHIB are watching closely because, if the price goes below this level, it could fall even more.
On the price chart, SHIB's current price is around $0.00002664. If the price can maintain above $0.000025, it might mean that SHIB could start to go up again. However, if it breaks down below this support, there is a fear that it could lead to a drop to the 50-day Exponential Moving Average (EMA), which is near $0.00001956. If it falls below that, the price could go even lower, which is worrying.
For growth, SHIB needs to stay not just above $0.000025 but also climb back above the 21-day EMA. The 21-day EMA is currently at $0.00002758. If SHIB can go above this line and stay there, the next price we are looking at is around $0.000028, which could show that SHIB is getting stronger again.
Looking at the future of SHIB, if it can pass this big test and not fall below $0.000025, it would gain more trust. Considering the market's volatility, though, SHIB's future remains unclear. If SHIB falls below $0.000025, it could be a sign that the price will keep going down, which could make holders even more nervous.
This is a big moment for SHIB as it faces its biggest support test of the year. What happens next is only a question of time. If you are thinking about it, it might be wiser to see if it can hold its ground or if it will fall to lower levels.
Alex Dovbnya
