From Investing.com:

Shiba Inu (SHIB) has experienced wild price swings, breaching the 50-day EMA and signalling a bearish trend. The token is approaching a crucial support level at $0.00000950, with resistance at $0.00001000. Large transaction activities suggest that whales are taking advantage of lower prices, potentially spurring a recovery.

Bitcoin’s volume surge reflects heightened interest and speculation about a potential spot Bitcoin ETF approval. Altcoins are struggling under market uncertainty, with BTC maintaining its status as a digital safe haven. The divergence in market behavior highlights Bitcoin’s dominance and suggests that an ETF approval may exacerbate the altcoin sell-off.



Read more: Shiba Inu (SHIB) Price to Hit Crucial Support Level By U.Today