Shiba Inu (Shib) could immerse another 30% before finding support (analyst)

TL;

• According to Ali Martínez, Shib could find support for only $ 0.0000094.

• However, a rupture above $ 0.00001461 could trigger a bullish impulse and a 230%price rally.

Shib's free fall could stop here

The meme coins sector has suffered painful losses after the general. CRASH of the cryptography market In recent days. The second largest asset of that type, Shiba Inu (Shib), was one of the most affected, with its disheveled price at a weekly and 10% daily.

Its market capitalization fell below $ 7.7 billion, which means that the asset is now outside crypto Top 20 club. As expected, the bearish trend has negatively affected Shib investors. According to Intotheblock data, the proportion of people sitting in paper losses has arising past 60%.

A person playing After Shib's recent performance It was Ali Martínez. The analyst <a target="_blank" class="editor-rtfLink" href="https://x.com/ali_charts/status/1895338892724781105″ target=”_blank” rel=”noopener” data-wpel-link=”external”>fictional that the price of the meme currency could decrease to $ 0.000012 or $ 0.0000094 before finding support. The second level represents a 30% decrease in the current rate.

Another participant of the industry who intervened in the matter was the user x Rose Premium Signals. They <a target="_blank" class="editor-rtfLink" href="https://x.com/VipRoseTr/status/1895174455657406900″ target=”_blank” rel=”noopener” data-wpel-link=”external”>provided An upward impulse if Shib breaks above $ 0.00001461. The analyst predicted that claiming the objective could lead to a price rally up to $ 0.00004401 (a 230% increase in continuous valuation).

More pain ahead?

Two important The factors indicate that Shibs bears could continue prevailing in the short term. The first is the reduced activity of the starter.

At the beginning of the month, the Siba Inu layer 2 scale solution prosecuted multimillion -dollar transactions on a daily scale, but in recent weeks, this figure has shrunken substantially.

This It suggests a decrease in interest in network applications, such as decentralized finances (DEFI), nft projects or game platforms. For its part, this It could reduce tokens shib demand and reduce purchase pressure.

The following factor is the burning mechanism of Shiba Inu. The burns rate has abandonment In 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address.

The ultimate goal of the program is to reduce the huge circulating supply of Shib, probably Make the asset more valuable through scarcity. However, stagnant progress could hinder that mission.

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