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Will Shiba Inu Price Crash to Zero During Tariff Wars?

  • Geopolitical tensions, including the trade war between the US and China, are causing volatility in financial markets, with cryptocurrencies being particularly vulnerable.
  • Shiba Inu (SHIB), a meme coin, is already showing weakness in its price amidst broader market unease.
  • The daily chart for SHIB indicates a consistent downtrend, with the coin unable to reclaim major moving averages and bearish control evident.
  • The hourly chart shows a potential short-term recovery, but lack of volume and uncertainty surrounding trade policies suggest a dead cat bounce scenario.

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