Disappointing! SHIBA INU's Aggressive Decline Makes Many 'Choked' - Kakiforex | Forex markets for the smart money. Disappointing! SHIBA INU's Aggressive Decline Makes Many 'Choked' Disappointing! SHIBA INU's Aggressive Decline Makes Many 'Choked'

May 20, 2021

Disappointing! SHIBA INU's Aggressive Decline Makes Many 'Choked'

 SHIB, the latest cryptocurrency to have taken over the market appeal, is also known as the “DOGE Killer” because its logo is a type of Shiba Inu dog and is said to be a Dogecoin challenger.


Shiba inu (SHIB), also known as Shiba Token is a decentralized crypto created in August 2020 by an anonymous identity using the nickname as “Ryoshi”.


We can see the SHIB price has made a jump of over 1,000% to those who have bought in advance on the Hotbit platform before listing on other platforms. The surge was also supported after Shiba Inu was listed on the Kucoin and Binance platforms on May 10.


On the SHIB/USDT price chart, after reaching the all -time high (ATH) on May 10, the price continued to decline to the lowest level of 0.000013 which is the market opening level in the Binance platform until today.



If it returns to make a rise again, the SBR zone (support become resistance) around 0.000023 will be tested first before making a higher rise.


However, if the price crosses the lowest level during the opening of the market in Binance, a lower decline will occur and it is likely that it will reach the lowest price level ever recorded.