SHIB Price Drop – Is It Concerning? When It Might Get Concerning

While the ongoing SHIB price drop feels uncertain, there is no bullish trend violation until the price of SHIB drops below $0.0000144, and stays there for more than 8 consecutive days.

A recent price drop in SHIB has left many traders wondering whether they should be concerned.

After a period of consolidation, SHIB price dropped on Monday morning. The price of SHIB dropped by more than 5% in the past 24 hours, and it is now trading at $0.000015.

Traders are now closely monitoring the SHIB price action, as they try to determine whether the recent price drop is a cause for concern.

According to InvestingHaven, traders should not be concerned about the recent SHIB price drop.

The outlet claims that SHIB price will only be concerning if it drops below $0.0000144 for more than 8 consecutive days.

InvestingHaven also adds that the SHIB price is still respecting the key support level of $0.0000133, which is why there is no need to worry about a massive price drop yet.

However, traders should be aware that the SHIB price is still highly volatile, and it could drop at any moment.

As always, traders are advised to trade cautiously and only invest what they can afford to lose.

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