The cryptocurrency market is feeling the effects of shifting global economic conditions as Shiba Inu (SHIB) faces significant downward pressure.
The meme token's recent price action shows a clear downtrend with consecutive lower highs, breaking through multiple support levels.
The most intense selling occurred during the 07:00 hour when price collapsed to 0.0000149, with volume nearly doubling the average trading rate.
Technical Analysis Highlights
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