Shiba Inu price analysis for the day shows a significant 7 percent decline for the token with the price reaching as low as $0.00003599. After steadily decreasing since November 19, the token now faces a stern battle to keep above the crucial 20 and 50-day Exponential Moving Averages.
The decline comes into the fray despite a milestone achievement for SHIB to have crossed one million. token holders earlier today. With trading volume also falling more than 33 percent, Shiba Inu’s price is set for a potentially lengthy bear spell.