Shiba Inu (SHIB) has dropped nearly 10%, falling back to pre-rally levels and wiping out its recent breakout gains. Currently trading at $0.00001273, the meme coin sits just above key support, signaling that the recent price surge was a classic fakeout a short-lived rally that failed to sustain momentum and trapped bullish traders. Just days ago, SHIB showed bullish potential after breaking above the 50-day EMA and resistance at $0.00001400. With eyes on the 100 EMA near $0.00001640, traders anticipated a trend reversal. However, buying pressure quickly faded, and SHIB was rejected, leading…
Source:: Shiba Inu Price Drops 10%, Erasing Breakout Gains as Volume Falters