Shiba Inu (SHIB) is testing critical support levels between $0.000008 and $0.000009, which are pivotal for maintaining its recent bullish momentum. Analysts suggest that staying above this range could enable further gains, while a drop below $0.000007 might lead to a deeper decline. SHIB has gained 9.73% over the past week, with its future performance potentially reliant on defending these levels.
The Shiba Inu ecosystem faces challenges, including a $3 million bridge exploit in August and ongoing repayment delays, affecting investor confidence. Despite these setbacks, developers are working on refining Shibarium, with hopes that ecosystem advancements will bolster SHIB's prospects in 2025.
Shiba Inu Tests Key Support Levels Amid Ecosystem Challenges
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