The second-largest meme coin, SHIB, experienced a significant surge in value following the US election, but subsequently struggled to maintain momentum. Despite the positive performance of other assets, SHIB's peak value in January 2025 was 25% lower than its previous high. The coin also faced competition from the TRUMP token and lost its position as the second-largest meme coin. Recently, SHIB experienced a decline of 11% and dropped below a critical support line, causing concern for its investors. The range between $0.0000185 and $0.0000212 is now seen as the most critical support zone for SHIB.



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