Shiba Inu, the meme coin that the market had written off after its continuous streak of underperformance, has now become the talk of the market. Mainly due to its unprecedented surge in price- this even led to the token entering the top 10 list of cryptocurrencies. Ergo, surpassing its direct rival- DOGE.
However, the two largest meme coins – Dogecoin and Shiba Inu – have registered the most significant price losses in a day. The latter is down 17% at press time in 24 hours.
Pseudonymous crypto analyst, ‘The Moon‘ was certainly confident about a possible setback for the 11th largest token.
Source: YouTube
Here’s what the analyst has to say about the chart above. “SHIB is right now testing critical support. Look at this. This support is always
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