Shiba Inu price: can SHIB hold July's yearly low of $0.0000041?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Shiba Inu slides with the wider market on Monday to $0.00000430, its lowest level since July, as $1.14 billion of positions are liquidated. Why the 76 percent jump in volume means less than it sounds, and which level now decides.Shiba Inu is closing in on its July low for the year.Add as a preferred source on GoogleFollow on Google NewsHere is what is confirmed: Shiba Inu traded at $0.00000442 at midday on Monday, November 9, after dropping as low as $0.00000430 during the day. That leaves SHIB just under 7 percent above its yearly low of $0.00000411 on July 17, based on CoinGecko daily closing prices. At the same time, trading volume rose 76 percent within 24 hours to $56.1 million, while positions worth $1.14 billion were forcibly closed across the market. Our assessment follows further down: the jump in volume looks more dramatic than it is, and the real test for the price lies one floor lower. The question in the headline therefore comes down to two numbers. If the...