Shiba Inu (SHIB) has fallen to a critical support level of $0.0000066 after a 15% weekly decline, testing a demand zone that has historically marked cycle lows. This drop follows a significant selloff, with $2.45 billion in liquidations, primarily affecting long positions. The decline in open interest by 15% to $75 million suggests a market de-risking rather than a shift to bearish sentiment. Analysts highlight that SHIB's price action is at a pivotal point, with the potential for a volatility breakout. Compression patterns indicate possible sharp moves, though the direction remains uncertain. Momentum indicators, such as the Relative Strength Index and MACD, suggest seller exhaustion, hinting at a possible trend reversal if SHIB can sustain a breakout above $0.00001. A successful breakout could lead to significant gains, potentially reaching $0.000033 or even $0.000042 in a favorable market environment.