Shiba Inu Price Plunges Below Key Moving Average Amid Increased Selling Pressure

Shiba Inu's price has fallen below its crucial 200-day moving average, exacerbating the bearish sentiment in the market.

Despite an increase in entry points on trading platforms, exit points have also risen, resulting in a negative net flow.

The asset's inability to sustain prices above $0.00 has raised concerns about its short-term prospects, with levels below $0.0000056 increasing downward risks.