Ms Tran added the coin has struggled to gain the interest of speculators, unlike some of its counterparts.

If SHIB can’t hold support at the “downside trend line” its price could collapse by 50 percent, she said.

The coin does have some clear interest, however, as it previously held a list place on popular crypto exchanges.

China-based Binance, Huobi and OKEx all listed the meme currency.



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