#SHIBA Coin, the second largest meme coin by market cap, maintained the $0.000017 support. However, the fact that a strong return has not started shows that there are no aggressive purchases. The situation seen in general altcoins is also the case here. As long as BTC does not gain the levels we have been talking about for the last few hours, risk appetite in altcoins is expected to remain weak.

The downsloping 20-day EMA ($0.000021) and the RSI in the oversold zone highlight the potential for further losses. If the support breaks down, there may be a drop to $0.000014. In the opposite scenario, 0.000023 can be targeted with closes above EMA20.