With lack of whale support on $SHIB and the current situation on the market, even a fundamental support level brings nothing to the table
has not demonstrated the expected upward bounce. Instead, the token continues to hover around this value, generating anxiety among its investors and stirring debates within the cryptocurrency community. The question now is whether SHIB can uphold this support level or if it will break downward, indicating a more substantial bearish phase. has led a market-wide correction with a 3.9% price drop. The drop follows the recent labeling of Cardano by the U.S.
Being listed as a security means that Cardano could become a regulated asset in the United States, a change that could drastically affect its operations, market presence and investor base. For Cardano, this could mean coming under stricter scrutiny by federal regulation, potentially hindering its progress and performance. Such a classification could also cause significant market volatility, leading to a decline in Cardano's price, as witnessed in the recent 3.9% drop.
Moreover, this exclusion appears to have sparked renewed optimism among XRP investors, who may interpret it as a sign that the SEC does not consider XRP a security, contrary to its allegations in the ongoing lawsuit. While the exact implications of this development are unclear, it is evident that the market has responded positively, as reflected in the recent XRP price surge.
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