Shiba Inu (SHIB), the second-largest meme coin, is facing a major support level that it needs to maintain amidst market uncertainty. Analysts have identified the $0.0000193 to $0.0000215 range as crucial for SHIB's bullish trajectory. This range previously served as support between October 2021 and April 2022 but turned into resistance after a market-wide correction. However, in October 2024, SHIB managed to flip this range back into support, indicating a potential recovery. Despite the recent market correction, SHIB has stayed above this critical support zone, confirming its role as a foundation for the uptrend. Data from IntoTheBlock reveals a weaker demand wall below this range. Another analyst predicts multiple price increases for SHIB in the near future, citing the accumulation in the SHIB/BTC pair. The current price of Shiba Inu is $0.00002216, with analysts targeting resistance at $0.000022 and a potential rise to $0.000035.



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