Shiba Inu (SHIB) continues to test its crucial support at $0.000011, narrowly avoiding a drop that could have added another zero to its price. The meme coin has been on a steady decline since peaking late last year, and traders remain uncertain about whether it will maintain its current level or slip further toward $0.000009.
Earlier this week, SHIB nearly breached this critical level as the U.S. stock market faced its worst opening since 1987. With financial headlines labeling it “Black Monday,” investors braced for a potential market-wide downturn. However, the cryptocurrency market demonstrated resilience, absorbing the negative sentiment from the previous weekend.
Price Recovery Sparks Bullish Outlook
During this volatile period, SHIB briefly dropped below its key resistance, touching $0.00001. Buyers quickly stepped in, preventing further losses. The sudden shift in U.S. tariff policies then triggered a 12% price rebound, pushing SHIB back into safer territory.
24-hour price chart. Source: CoinMarketCap
This swift recovery raised an important question: What’s next for SHIB? Several scenarios could unfold, each depending on broader market conditions and investor sentiment.
Potential Paths for SHIB’s Next Move
A conservative outlook suggests SHIB could stabilize within the $0.0000125 to $0.00001433 range. This scenario allows the token to maintain its current momentum without the risk of adding another zero to its price.
Related article: Shiba Inu’s Whale Activity Jumps 784% as Market Recovers
A more aggressive projection points to a surge toward $0.000017—a 42% increase from its current level. Achieving this ambitious target would require more than just technical momentum. Favorable political, economic, and financial market conditions must align to fuel SHIB’s ascent.
For now, traders remain watchful, evaluating whether SHIB can sustain its recent rebound and potentially break through key resistance levels.
