Shiba Inu is facing major resistance; however, it is plotting breakthrough strategies
The mild drop is exhibiting somewhat of a subtle deceit to those observing the Shiba Inu growth trend as it symbolizes much more than meets the eye. Mild as the drop in growth momentum may be, it accounts for an extension of the drawdown in the price of SHIB, which has been attempting to break free from the psychologically important resistance point at the $0.0000084 level.
The renowned meme coin has traded below this price point for more than three weeks as a confluence of bull and bear activity has dragged the digital currency down across the board. The current outlook underscores the stark reality that Shiba Inu is now hitting another roadblock to stunt its growth in the near term.
Per its current outlook, the coin is down by over 31% in the past month, trending in the opposite direction from other top Shiba Inu has the right ecosystem intrigue to uplift its outlook, but the drag is more the influence from the broader market. Drawing on current realities, Shiba Inu is poised to keep focusing on its Shibarium development and utility push.
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