ICYMI: $SHIB 12% price plunge is problematic but not catastrophic, and here's why SHIB ShibaInu SHIBArmy
needed during this market, especially after showing the anemic performance for the last few weeks prior to the drop. The plunge below the $0.00001 threshold is problematic but not catastrophic, and here's why.It is not the first rodeo for the memetoken as it has been testing the same price level previously: back in July, Shiba Inu has been moving in the same price level it has reached now for more than two weeks.
Unfortunately, the dependence between the token and the market will become aggravated, which means the recovery rally on the token would become an extremely unlikely scenario without the support of the market.
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