Hello there, after a strong run of Shiba Inu we now are facing a decline of +/- 20%. Yet this is no reason to panic sell. If we look at the chart we see that it is struggling at the support line around 0.00004900 indicating that there is a lot of potential for it to still go back to it's previous line at 0.00005900. Because of the recent news of a whale splitting his Shiba Inu assets a selling trend is occurring which could lead to a drop to our support at +/- 0.00004850 which would be a good buy-in moment.
Use this information for your own thought process,
dropping down to that range would still confirm an overall bullish sentiment from the start of this run so that would actually help propel it up to lose another 0. At least thats my bullish sentiment on it.
adolganov
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@jcreekpaum, Thank you for your reply, indeed a bounce could occur once it hits the support line!