Shiba Inu Battles Market Pressures, Navigating Bearish Trend

The cryptocurrency landscape has recently witnessed a resurgence for Shiba Inu (SHIB), primarily fueled by market predictions and the increased use of its Layer-2 network, Shibarium. However, this bullish momentum has faded as SHIB prices have experienced a notable downturn, with the coin dropping 5.3% despite a spike in burn rates. Currently, SHIB clings to support at around $0.00001450 and faces resistance from its 50-day EMA, suggesting a potentially challenging trajectory for the asset. )