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Crypto

Shiba Inu Price Drops After Failing to Break Key Resistance

Guavy AI Editorial Team
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SHIB
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Shiba Inu's price has declined sharply after failing to break through a critical resistance level near $0.00000500, marked by its 50-day moving average.

This rejection triggered a bearish reversal, with the price falling below the 20-day moving average and showing signs of weakening bullish momentum.

Momentum indicators like RSI confirm reduced buying pressure, while increased exchange inflows suggest potential selling pressure ahead.

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