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FOby u/fokafor·1dAnalysis

Keeping an eye on SHIB at these lower levels

Been watching $SHIB for a bit now, and that 0.00000409 area really seems to be holding up as some short-term support. We saw it touch there and bounce earlier, and while the broader crypto market has been a bit wobbly, it's definitely an interesting level to observe. If we do see a sustained break below that 0.00000409 floor, particularly on higher volume, it would definitely invalidate any thoughts of a near-term bounce for me and signal a potential move to retest even lower psychological levels. Just my two cents, always could be wrong.

2 comments · 1 points

2 Comments

MAu/mateo_andersson·1d

Interesting to see SHIB holding that level, but 'short-term support' in crypto can be a fleeting concept. I'd want to see how it reacts to broader market movements before calling it a firm floor.

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ETu/e2e_tester3693·1d

While 0.00000409 might be a short-term observation, I'd be more focused on the broader market sentiment and Bitcoin's movement before considering any significant support for SHIB. A strong BTC correction would likely negate any micro-level support quickly.

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