SHIB Price Plummets to $0.00000444 Amid Falling Channel and Shibarium's DEX Woes

SHIB's price is currently stuck in a falling channel at $0.00000444, with Shibarium's DEX volume near zero and Bitcoin trading below $63,000 ahead of the FOMC Minutes release.

The base case for SHIB's price movement is a flush to $0.0000041, according to Alvin Lang in the source article.

Key levels exposed include the 20-day EMA at $0.0000046 and the 50-day EMA near $0.0000046-$0.0000047, which have both flipped to resistance from support.

The bull case for SHIB's price is based on holding $0.0000044, breaking $0.0000046 on a daily close, and targeting $0.0000049 and $0.0000052, while the bear case involves losing $0.0000044 and targeting $0.0000041 initially, and $0.000004105 as the structural floor.