The price of Shiba Inu (SHIB) has dropped below the $0.000015 level for the first time since 2024, indicating a crucial moment for the meme coin. The decline in value is a result of selling pressure and a lack of bullish momentum in the market. Breaking below important support levels often leads to accelerated selling and lower lows, reinforcing the bearish outlook for SHIB. The next significant price level is around $0.000012, suggesting further losses may be on the horizon. Factors contributing to the decline include market unpredictability, decreased interest from large investors, and weak demand indicated by technical indicators like the Relative Strength Index (RSI) and flat trading volume. While the short-term prospects for SHIB seem bleak, the volatile nature of the cryptocurrency market leaves room for potential reversals. To prevent additional losses, SHIB must swiftly recover the $0.000015 level, but a test of the $0.000012 support is likely if the bearish trend persists.



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