Shiba Inu (SHIB) has been experiencing a tumultuous journey in the crypto market since its inception in August 2020. However, the past few weeks have been particularly eventful for SHIB holders, as the coin has been struggling to break past a crucial resistance level, known as the “Death Line.”
This foreboding term was coined by SHIB enthusiasts to refer to the critical resistance level at $0.000008. The level has been a significant hurdle for the meme coin to cross since early May, and it has made several attempts to break past it, only to face rejection each time.
This resistance level has caused considerable anxiety among SHIB holders and traders, who are now closely monitoring the coin’s movements to see if it can finally overcome the dreaded line and push towards a new all-time high.
Shiba Inu Faces Market Pressure Amid ‘Death Line’ Fears
Shiba Inu has been grappling with market pressure in recent weeks, with its CoinGecko price hovering at a meager $0.00000878 and exp
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