$SHIB Plummets to Support: Is a Rebound on the Horizon?
$SHIB is currently trading at $0.00002045, marking a significant 15% decline over the past 24 hours. The token has found support near $0.00002025 after a relentless sell-off from its recent high of $0.00002450. The sharp drop has pushed the RSI to 20, indicating deeply oversold conditions and a potential for reversal if buying momentum increases.
Despite the bearish sentiment reflected in the MACD, this support level could act as a launching pad for a recovery. Traders should monitor the price action closely, as stabilization above $0.00002025 could signal renewed bullish interest. With volatility high, $SHIB is at a crucial turning point.