📉 Shiba Inu Coin price is quickly erasing gains since Q4 last year as meme coins tumble harder than others. With a market capitalization of $15 billion, it lost 19% in seven days and 28% in a fortnight to $0.0000255 on Wednesday. If trading volume continues to drop, Shiba Inu’s recovery will be significantly suppressed.

📈 SHIB had surged to $0.00004563 by March 5, following Bitcoin's rally above $73,000. However, a downturn in prices could impact meme coin hype from Q4 and Q1. Currently hovering between two key levels, SHIB faces resistance at the 20-day EMA at $0.0000265 and support at the 200-day EMA at $0.00002348. Failure to maintain support could lead to further losses. 📉

📊 The Relative Strength Index (RSI) suggests a downward bias, while dwindling network activity, including a 62.4% slump in active addresses from March 5, poses challenges for Shiba Inu's potential recovery. A drop in newly created addresses mirrors the price correction, indicating potential difficulties in sustaining an uptrend. 📉