Shiba Inu (SHIB) has experienced a significant drop in price, falling by 16% in 24 hours. Despite the positive momentum in Bitcoin (BTC), SHIB has been unable to break a critical resistance level, leading to uncertainty about its future direction. The correlation between SHIB and BTC has been decreasing, raising concerns about SHIB's ability to capitalize on Bitcoin's growth. However, SHIB has seen an increase in adoption, which could contribute to a market rebound and help SHIB recover. Currently priced at $0.00002698, SHIB is expected to consolidate above the $0.00002267 support level, potentially delaying any price recovery. Reclaiming the $0.00002976 support level could trigger a rally and signal a return to an uptrend.



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