Shiba Inu Loses Important Support Level, Risk of Rising Additional Zeros

The cryptocurrency market is experiencing significant volatility, with three popular coins, Shiba Inu, Bitcoin, and Ethereum, all facing important price levels that could determine the next trend in the short and medium term. Shiba Inu Lost Important Support Level, Risk of Adding More Zeros As of now, the price of Shiba Inu (SHIB) is trading at $0.00001237, down 7.80% in the past 24 hours. This decline comes after SHIB lost the 50-day EMA support level – a support that has held the price steady for several months recently. The loss of this important technical support level has raised concerns in the market about the possibility of SHIB continuing to decline sharply, potentially breaking through the support zone of $0.0000120–$0.000009. If that happens, SHIB will add another digit 0 to its price, which could easily trigger panic and lead to a wave of sell-offs in the investor community – which has already relied heavily on speculative factors. The RSI indicator of SHIB is currently on a downward trend, indicating increasing selling pressure. If the current support level is not maintained, the next target will be the area of $0.000009, causing the market to fall into a state of high anxiety. Bitcoin is Testing Important Support Levels, Signs of Trend Reversal Bitcoin is currently trading around $103,537, after failing to hold above the $104,000 threshold. According to analysis from expert Daan Crypto Trades, this decline only brings BTC back to a broader accumulation zone, rather than signaling a complete collapse. The important support zone is identified around $97,000–$99,000, coinciding with the Fibonacci retracement level and the 200-day MA on the daily timeframe (Daily). This is seen as a key area for BTC to decide its next trend: either to recover and challenge the historical peak, or to continue deeper adjustments. The current market sentiment is quite cautious, especially after Bitcoin has been repeatedly rejected at previous highs. Investors are closely monitoring price movements in the coming weeks to determine whether BTC can establish a new growth trend. Ethereum is trading in an upward channel but facing short-term difficulties. Ethereum continues to maintain an upward price pattern with a clearly defined ascending channel on the 4-hour chart – creating higher highs and higher lows. However, ETH has recently fallen below the EMA 50 and SMA 100, indicating short-term weakness. The price is currently hovering near the midline of the channel, with short-term support levels located around $2,400–$2,450. If ETH can bounce off this zone, the rally could continue and take the price towards the target at the upper edge of the channel, in the range of $2,700–$2,800. Conversely, if the price breaks the channel support, the bullish pattern will be broken, and it is likely that ETH will correct to lower levels such as $2,300 or even $2,100. In this context, investors should pay attention to the trading volume and should only enter the market when there is a clear confirmed reversal signal. Summary The cryptocurrency market is facing crucial moments. SHIB has lost its support level, BTC may adjust to a lower price range to determine the trend, while ETH remains in an uptrend channel but is under short-term pressure. In this unstable period, investors should be cautious, manage risks tightly, and only make decisions when there is clear confirmation from technical signals and market trends.