Shiba Inu (SHIB) has tumbled as selling pressure intensifies, with a liquidation gap estimated at about 8,972%. The move comes as a dead cross appears in key technical indicators, signaling potential further downside. Analysts caution that the pattern may reflect more than a brief pullback, with momentum turning negative and volatility rising.
If the price breaches near-term support, losses could extend beyond the current session. Market participants remain cautious as liquidity dynamics around memecoins remain volatile. The next key levels to watch are prior lows and any rebound catalysts that could curb further declines.
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