Amid the Bear Market, Shiba Inu (SHIB) Must Hold the Critical Support Zone of $0.000012 to Avoid Intensified Price Correction

The second-largest meme coin must hold the critical support zone of $0.000012 to avoid intensified price correction.

Amid Shiba Inu (SHIB) finding itself in bear territory, the second-largest meme coin must hold the critical support zone of $0.000012 to avoid intensified price correction.

As highlighted by renowned market analyst Ali Martinez, “Shiba Inu could find support at Fib (38.2%) 0.000012 or at Fib (61.8%) 0.0000094.”

According to CoinGecko data, SHIB was down 16.3% in the past month to hit $0.0000136.

Even though Shiba Inu’s open interest has dropped by 13%, all hope is not lost. SHIB is dusting itself off when it comes to daily trading volume.

For instance, SHIB is witnessing a 42.27% increase in this metric, illustrating that the market activity and liquidity are on an upbeat trajectory.

Is There Light At the End of the Tunnel for Shiba Inu?

Based on on-chain data, renowned market analyst Javon Marks believes that Shiba Inu might be gearing for a 495% increase by soaring to the $0.000081 level.

Marks stated, “Shiba Inu’s target at $0.000081 has not changed as prices continue to hold well broke free of the once key, displayed resisting trend. With this being, this could entail an over 405% run from here to be in-development to reach this target. A >5X may be awaiting Shiba.”

Shiba Inu will be just a stone’s throw from the psychological price of $0.0001, triggering intensified investor interest and confidence if this becomes a reality.

Meanwhile, the Shiba Inu team is renewedly optimistic about SHIB’s inclusion in President Trump’s U.S. crypto reserve.