The price of the meme-inspired cryptocurrency Shiba Inu (SHIB) has dropped nearly 23% in the last nine days and hit a major support level at around $0.000025 per token. However, this correction is seen as healthy for SHIB and presents opportunities for enthusiasts. The maintenance of the support level suggests that a new round of price appreciation may occur. There are large concentrations of liquidity below the support level, indicating its importance. The Bollinger Bands indicator suggests that the price could drop further, but if it finds a bottom at around $0.00002456, it could signal a bullish bias. The timing and level at which the pain for SHIB holders will end is uncertain.



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