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Shiba Inu Price Drops 4.1% to $0.00000664 – How to Buy SHIB

Shiba Inu Price Dips 7.3% to $0.00000749 – Where to Buy SHIB
Shiba Inu Price Dips 7.3% to $0.00000749 – Where to Buy SHIB

Shiba Inu has been trying hard to maintain its prices since the market had a slight pullback this week, with bitcoin falling below $32K and ethereum falling below $1900. Despite the slight pullback, SHIB has fought to maintain a resistance level that has prevented holders from suffering massive losses.

SHIB is trading at $0.00000664 at the time of writing after a 4.1% decline.

SHIB Price Analysis

Looking at the value of Shiba Inu in the past 24 hours, the token’s volatility has spiked a little, which could be attributed to the lack of support from the broader market. Currently, SHIB is nearing the May 19 low of $0.00000607, which could give SHIB support.

For SHIB to recover, it needs to push with the market support to achieve higher levels. In case of an upswing, SHIB could cling to $0.000007 and push past this resistance. However, bulls will not be achieved until Shiba Inu reaches $0.000008 and above.

On the downside, Shiba Inu could continue with the current downtrend, in which case it could retest lower critical support of $0.000006. While this could be bad for new investors, it could open a pathway towards a bull run. In case of this bearish outcome, investors buying during the dip could jump in and save Shiba Inu from a further crash.

The current weekend dip for Shiba Inu is a perfect opportunity for investors who want to await the breakthrough expected to happen on July 20, a D-day for the coin, because of the virtual party prepared by Shiba Inu influencers. As a result of this party, Shiba Inu supporters expected the prices to shoot; hence the current dip is the ideal time for buy for short term traders.

Where to Buy Shiba Inu

Those who want to buy SHIB can do so from the following cryptocurrency exchanges:

  • eToro

One of the exchanges that support SHIB is eToro. eToro is a leading exchange that supports a wide range of cryptocurrencies and trading pairs. The crypto exchange also offers low trading fees, and it also has a copy trading feature that allows new traders to learn from market experts.

  • Binance

The other cryptocurrency exchange that supports SHIB is Binance. Binance is the largest cryptocurrency exchange, which means that it has high liquidity, making it easy for users to settle their trades. Binance also charges low trading fees.

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