Shiba Inu (Shib) hovers in the lower price regions, analysts pointing key support which could determine its next movement.
This week was one of the worst periods Shiba Inu This year. Today, the price of Shib has dropped by 10%, going to $ 0.0000,1302. This marks the lowest price of Shiba Inu since September 2024.
Today’s decrease aggravates its monthly performance, now a loss of 32% for holders. Meanwhile, looking at the three -month painting, SHIB holders treat a loss of 50% on their positions. In particular, the slowdown in Shiba Inu occurs while Bitcoin revisited 2024 less than $ 90,000.
With an accident across the one -week market that does not show any signs of refreshCrypto analyst Ali Martinez suggested that key keychain should monitor a possible comeback during the next major trend.
Shiba in the critical support to watch
In a tweet Today, Martinez stressed that Shib could find a support at $ 0.000012 or $ 0.00,00094, based on Fibonacci’s retrace levels. This suggests that Shiba Inu could drop even further from its current position around $ 0.000013.
Martinez shared a graphus illustrating how SHIB struggled to pass the resistance range from 0.000018 to $ 0.000023.
If Shib does not hold above the current levels, a deeper correction to $ 0.000012 seems likely. This level aligns with the Fibonacci 0.618 retracement level.
Meanwhile, if the Bears dominate more, another ventilation could push Shib at $ 0.00,00094, aligning with the level of 0.786 Fibonacci.
According to the current price, this would mean an additional loss of 28% for holders. Given the Shibiba Inu summit in 2025 of $ 0.000025, this would also result in an amazing loss of 62% to only ten weeks in the new year.
Shib rebound prospects
SHIB previously experienced a solid gathering in early 2024, but the recent prices actions point to a cooling period while buyers lose momentum. Meanwhile, some analysts feed the hope of investors that the recent price action is only noise.
Tanzeel community figure exhorted Passionate about zooming and looking at the performance of Shiba Inu in a wider time. It cited the historic picture of Shiba Inu showing that the part has won 1,035,415% since its creation and increasing around 181,520% against bitcoin in the same period of time, offering hope in the middle of the common pessimism.
In a separate commentary, the pink bonus signals of analytical resources have highlighted Shiba Inu potential Recovery path once the bulls later resume control.
They suggested that Shib has an enormous rebound potential of its current hollow, first targeting 0.00002941, then heading for $ 0.00003738, and finally reaching $ 0.00004401 before losing momentum.
In particular, they retain this promising prospect on SHIB bouncing quickly at $ 0.000022, plunging $ 0.00001800, then returning with a much stronger wave to eliminate the main resistance.
An escape above these levels could trigger a larger movement towards new heights! 🚀
If the buyers intervene, we can expect an bullish momentum towards the levels of key resistance:
🎯 Target: 0.00004401 pic.twitter.com/zofwadetzg
– Rose bonus signals 🌹 (@viprosroster) February 27, 2025
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.