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Shiba Inu Price Breaks Its Crucial Support Zone; ShibArmy Ready To Buy The Dip

SHIBAINU

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While Shiba Inu has given its investors massive returns this year, not everything seems well with the meme-coin now.

SHIBAINU

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ShibArmy, however, remains optimistic about the future of Shiba Inu and is willing to buy the dip as the price plummets further.

SHIBAINU

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Shiba Inu is down 60% since the past two months. Many ‘paper hands’ sold out in panic but the loyal Shib supports are ‘hodling’ their coins.

SHIBAINU

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And now, the price has broken a support zone [which means more pain for investors in the short term]. Have a look at the price chart below;

SHIBAINU

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SHIBAINU

If Shiba Inu falls below the marked zone, the important support level for the coin would be breached and it will open the doors for some further downside in the short run.

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SHIBAINU

But if the price sustains at the marked level, we can see a strong momentum from the support zone to the recent highs.

Shiba Inu Price Breaks Its Crucial Support Zone; ShibArmy Ready To Buy The Dip