According to U.Today, the next key support level for SHIB is anticipated to be between $0.000025 and $0.000024. This range is where SHIB could potentially find stability, similar to its previous growth pattern. If it reaches and maintains this range, SHIB may begin to recover and climb back up. This price range is significant, as it is where SHIB previously experienced a jump in value, indicating it could be a strong area that prevents the price from falling further. Such areas tend to see an accumulation of buy orders.
If the price of SHIB falls to this level and does not drop below it, it could be a positive sign, as this level has previously acted as a trampoline for the price, pushing it upward. For those monitoring SHIB's future, staying above $0.000024 is crucial. If the price remains above this range, it is more likely to experience a proper recovery. Another key level is $0.000022, which coincides with the 50 EMA. However, if the price falls below these support levels, traders may need to look for the next support at a lower point, approximately around psychological thresholds like $0.00002. To achieve this, it needs to not only reach the support level but also attract enough buyers to push the price back up. The overall sentiment in the cryptocurrency market will play a critical role in SHIB's recovery. If SHIB can stay above $0.000024, the chances of the price starting to rise again are higher. A drop below $0.000024 will most likely pave the way to $0.00002.