Shiba Inu is seeing some downside today that has sent its price below its support level. This downside has its roots in a number of things, with some attributing directly to the Bitcoin price. However, the outlook for the meme coin may not be completely bleak as time moves forward.

柴犬今天看到了一些下行趨勢，導致其價格跌破支撐位。這種不利因素有許多根源，其中一些直接歸因於比特幣的價格。然而，隨著時間的推移，迷因幣的前景可能並不完全黯淡。

Shiba Inu 14% On The Weekly Chart

In the last week, the Shiba Inu price has followed the likes of Bitcoin and Dogecoin as they lose the majority of their gains from the prior week. The daily drawdown itself has seen the meme coin drop around 2% to bring it back below $0.000027, a level which had served as significant support at the start of the week.

柴犬價格在周線圖上上漲 14% 上週，柴犬價格追隨比特幣和狗狗幣等貨幣的走勢，因為它們失去了前一周的大部分漲幅。每日回撤本身已導致 meme 代幣下跌約 2%，使其回到 0.000027 美元以下，該水平在本周初曾是重要的支撐位。

One of the major reasons behind the decline is the Bitcoin price crash which came as a result of rising outflows from Spot Bitcoin ETFs. This crash in the Bitcoin price naturally spread to the rest of the market, causing what can be described as a cascading effect on altcoins.

相關閱讀：狗狗幣累積結束，為何狗狗幣價格能達到 1 美元 下跌背後的主要原因之一是現貨比特幣 ETF 資金流出增加導致比特幣價格暴跌。比特幣價格的暴跌自然波及到市場的其他部分，對山寨幣造成了連鎖反應。

Since the crash began on Monday, the Shiba Inu price is down by over 14% and has continued to show weakness even now. At the same time, SHIB has also seen a notable decline in its trading volume. According to data from CoinMarketCap, its daily trading volume fell 28% in the last day.

自周一崩盤開始以來，柴犬價格已下跌超過 14%，至今仍持續疲軟。同時，SHIB的交易量也出現明顯下降。根據CoinMarketCap的數據，其最後一天的日交易量下降了28%。

Usually, when trading volume is down, it means investors are no longer as interested in trading a coin and may have moved somewhere else or may even be waiting out the bear trend. This can adversely affect the cryptocurrency’s price, especially when holders begin panic selling, thinking the price will keep falling.

通常，當交易量下降時，這意味著投資者不再對交易代幣感興趣，可能會轉移到其他地方，甚至可能正在等待熊市趨勢結束。這可能會對加密貨幣的價格產生不利影響，特別是當持有者開始恐慌性拋售，認為價格會繼續下跌時。

Not All Bad News For SHIB

Despite the negative headwinds that continue to plague the meme coin at this time, it is not all bad news for Shiba Inu. This is because crypto analysts believe that the drawdown is only temporary and that the SHIB price is destined to soar in the future.

對於 Shiba Inu 來說，並非全是壞消息 儘管目前仍持續困擾著 meme 幣，但對於 Shiba Inu 來說，這並不全是壞消息。這是因為加密貨幣分析師認為，回撤只是暫時的，SHIB 價格未來注定會飆升。

One such crypto analyst took to the TradingView website to outline their expectations for the meme coin. The analysis shows the multiple possible price points for SHIB as it starts to move up. However, they explain that the coin would need to stop bleeding, and only when the selling stops would it be able to move up.

相關閱讀：加密貨幣分析師預測卡爾達諾拋物線激增，驅動因素是什麼？這樣的加密貨幣分析師在 TradingView 網站上概述了他們對 meme 硬幣的期望。分析顯示，隨著 SHIB 開始上漲，其可能出現多個價格點。然而，他們解釋說，代幣需要止血，只有當拋售停止時，它才能上漲。

The crypto analyst also identifies a ‘Distribution Price’ for the coin, which they place at $0.00008488. But the coin still has a lot way to as the analyst explains that price will need to first drop to $0.00001249.

加密貨幣分析師還確定了該代幣的“發行價格”，他們將其定為 0.00008488 美元。但正如分析師解釋的那樣，該幣還有很長的路要走，價格需要先跌至 0.00001249 美元。

“A correct move should have been to come back to that level and finish the retest but it has left a trap for repeat cycle perhaps. Watch the area for $0.00001045,” the analyst said.

「正確的做法應該是回到那個水平並完成重新測試，但這也許給重複週期留下了陷阱。關注該區域的 0.00001045 美元，」分析師表示。

SHIB price falls below $0.000027 support | Source: SHIBUSDT on Tradingview.com

SHIB 價格下跌 0.000027 美元支撐位 |資料來源：Tradingview.com 上的 SHIBUSDT 特色圖片來自 Watcher Guru，圖表來自 Tradingview.com