The price of Shiba Inu continued to be under pressure because it continued to fall below the other popular Mome Coins.
Shiba Inu (SHIB) fell to the primary support level of $ 0.000020, which was a low since December 20.
SHIB coins have a number of dangerous chart patterns, so there is a risk of quickly falling into a strong bear market.
Shiba Inu trying to form a cross of death
Shiba Inu is trying to form a desklos pattern. At this time, the 200 -day weight transfer average and the 50 -day weight transfer average cross. The distance between them is continuing to shrink.
SHIB used to form a deskross on June 20, 2024. The price has fallen by more than 40%, rising from $ 0.000017 to a low of $ 0.000010.
Later, the golden cross pattern was formed on October 20, up 80 % to $ 0.00003340, the high in November.
The price of Shiba Inu also forms a small double top chart pattern, featuring a twin peak and a neckline. The double top is $ 0.00002488 and the neckline is $ 0.00001970. Like the desklos, the double top is a popular bear inverted pattern.
Therefore, if you clearly fall below the 0.00001788 strong pivot reversal point, you will have a further lower price. Such movements indicate further down, and the next target is $ 0.00001192, the final support of the Malay Mathematics Line.

SHIB combustion rate decreases
As the number of addresses continues to decrease, the Shiba Inu is also decreasing. According to Intotheblock, new addresses and active addresses have decreased by 25% in the past seven days. This drop may have occurred because many traders sold coins, and may have occurred for a newer Solana Mys Coin. FARTCOIN and official playing cards (Trump).

Other data indicates that the burning rate of Shiba Inu every day has dropped by almost 94%. There were only 656,468 coins baked on Sunday, equivalent to $ 15.
This decline is probably due to the decrease in the momentum of SHIBARIUM, a layer 2 network. According to SHIBARIUMSCAN, the average transaction fee has dropped from 0.0003 Bone to 0.0001 Bone in November. The total Bone, which is spent on gas rates, has been declining, which is a sign that the network is not growing.
Several new Mem coins have also overtaken Shiba Inu's daily transaction. The transaction per day was $ 160 million, but Trump was $ 4.56 billion.
The penguins were $ 188 million and Fartcoin was $ 226 million. This is a sign that investors are switching from old Mem coins to new Memcoin.