Shiba Inu (SHIB) is facing a critical moment. Analyst Nebraskan Gooner warns that unless Shiba Inu reclaims the key support zone between $0.000014 and $0.00001, the token will “head toward extinction.” Currently, SHIB is trading at approximately $0.00000855, about 33% to 38% below this crucial level, which previously served as the foundation for its significant rally. While some hope that Bitcoin breaking the $100,000 mark could stimulate a rebound for SHIB, losing this support level might turn it into a strong resistance point, hindering its recovery. SHIB has dropped 5.27% in 24 hours, reflecting the overall stagnation of most altcoins.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Experts warn: If SHIB fails to recover the key area, it is "dead".
Shiba Inu (SHIB) is facing a critical moment. Analyst Nebraskan Gooner warns that unless Shiba Inu reclaims the key support zone between $0.000014 and $0.00001, the token will “head toward extinction.” Currently, SHIB is trading at approximately $0.00000855, about 33% to 38% below this crucial level, which previously served as the foundation for its significant rally. While some hope that Bitcoin breaking the $100,000 mark could stimulate a rebound for SHIB, losing this support level might turn it into a strong resistance point, hindering its recovery. SHIB has dropped 5.27% in 24 hours, reflecting the overall stagnation of most altcoins.