Difficult period in Shiba Inu (SHIB): He returned from a critical level!

Shiba Inu (SHIB), which came to a significant resistance area after about a month, faced heavy sales.

Shiba Inu (SHIB), one of the important names of Memecoins, touched the critical resistance zone after a month's break. At that time, Bitcoin (BTC)'s decline and the selling pressure on SHIB pulled the parity to lower levels. Memecoin, which cannot make the expected move, seems to ring alarm bells if it cannot overcome the obstacle. So, which levels should SHIB investors pay attention to?

It doesn't attract the attention of memecoin enthusiasts as much as it used to!

SHIB, which caused havoc in the first days of its launch, reached tens of times the price with many factors, especially Elon Musk''s social media posts. Later, the explosion of new memecoins such as PEPE naturally put SHIB in the background. Finally, the emergence of a serious demand for memecoins on the Solana network has almost erased SHIB from mind. For these reasons, SHIB did not meet expectations and started to draw a negative outlook from a technical perspective.

The popular coin, which is traded at $ 0.00000950 as of the writing of the news, may target the upper levels in case of a signal from Elon Musk, increased interest in dog coins or BTC clearly breaking $ 53,000. In such a scenario, we can see a movement towards $0.00001010 – 0.00001080 and $0.00001159 respectively. However, if the current process continues like this, it will not be surprising to see declines to 0.0000090 - 0.00000844 - 0.00000799 and 0.00000751 dollars, respectively.