Shiba Inu (SHIB) dropped to an intraday low near $0.00000789 and extended a four‑day losing streak while reversing the late‑November price surge that briefly pushed prices toward $0.00000913.
By Parth Dubey
Editor Yana Khlebnikova
Updated
3 mins read
As per CoinMarketCap, SHIB now trades below $0.000008, near the lower boundary of its November range.
The hourly chart shows a clear breakdown beneath key moving averages, with a death cross emerging on December’s first trading sessions.
The death cross is formed when the 50‑hour MA drops below the 200‑hour moving average and usually indicates a bearish pullback.
However, in oversold conditions, such a signal can sometimes coincide with a local bottom as well.
The chart below shows that SHIB has repeatedly tested the green demand zone between $0.00000770 and $0.00000785. This region remains the critical support that determines whether SHIB drops further.
Source: TradingView
A brief liquidity sweep into this zone is likely, especially as prices respect the descending trendline. If buyers fail to defend this range, the next leg could trigger acceleration toward deeper support.
However, a break above the descending trendline would open the path toward the first resistance at $0.00000840, where both historical supply and the moving averages converge. Clearing this barrier could lift SHIB toward the mid‑range resistance cluster at $0.00000900.
A possible surge toward the $0.000010 target is also likely, provided prices continue to trade above the green support band.
While Shiba Inu (SHIB) faces major hurdles, Bitcoin Hyper ($HYPER) seeks to break through the core limitations of the original Bitcoin network, dominating social chatter as one of the fastest Bitcoin Layer 2 chains in the space.
Bitcoin Hyper boasts blazing-fast execution speeds and uses Solana-based tech to solve issues that have plagued the Bitcoin network, like congestion and long settlement durations.
Also, the project has raised a massive $28.8 million in its ongoing presale, boasting community support.
To ensure security of users’ funds, Bitcoin Hyper executes all transactions quickly and cheaply on its own system and then regularly bundles them up to settle on the main Bitcoin chain.
Notably, the entire ecosystem is powered by the $HYPER token, which is the native utility and governance token for the Layer 2 network. Holding the token is necessary to interact with the system, as it’s used to pay the transaction fees for transfers and smart contract execution.
Token holders can actively participate in securing the network by staking their $HYPER to earn rewards with current rewards at 40% per annum.
To buy $HYPER at the current price of $0.013365, head over to the official Bitcoin Hyper website and connect a supported wallet, like Best Wallet.
Once done, swap existing crypto or use a debit/credit card to complete the transaction in seconds.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
