Shiba Inu (SHIB) is at a critical juncture as analyst Nebraskan Gooner cautions that the token could face significant challenges if it fails to reclaim its key support zone between $0.00001 and $0.000014. Currently trading at $0.00000855, SHIB has dropped 33% to 38% below this crucial level, raising concerns about potential long-term losses.
The token's recent performance reflects broader altcoin market weakness, with SHIB falling 5.27% in the past 24 hours. A continued decline below the support range could signal further trouble for the popular meme coin.
Analyst Warns Shiba Inu Faces Collapse Without Key Support Recovery
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