The dog-themed cryptocurrency Shiba Inu (SHIB) has dropped to the $0.00002 level during a broader sell-off in the crypto market. This has raised questions about the future of the cryptocurrency. The sell-off led to $544 million in liquidations and significant losses for various crypto assets. While SHIB experienced a dip, there are potential support levels that could stabilize its price and prevent further declines. On the other hand, if the market continues to decline, SHIB may go below its support levels. If SHIB's price holds at $0.00002, there may be a chance for a rebound to $0.00025. Immediate resistance levels lie between $0.000021 and $0.000022, which could slow down or cap any recovery rally. SHIB may also continue range trading within its daily moving averages.



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