The price of Shiba Inu (SHIB) is expected to test a critical support level at $0.000019, which matches its October 2024 lows. The lack of volatility and volume in the market has discouraged investors, and SHIB is in a vulnerable position as it approaches this support level. If SHIB is able to bounce higher from this level, it could indicate a possible recovery, with the goal of reaching resistance levels at $0.000022 and $0.000025. However, if SHIB fails to maintain the $0.000019 support, it could experience a deeper sell-off, potentially reaching new lows. The performance of Bitcoin and market factors will also influence SHIB's ability to recover. The asset is under strain compared to its meme coin rivals, and the decline could be worsened by the absence of excitement and volatility in the SHIB market.



Other News from Today