Shiba Inu Price Holds Ground Despite Bearish Trend

Despite a sustained bearish market trend, Shiba Inu (SHIB) shows signs of stabilization. While recent technical indicators suggest that the worst may be over, concerns about SHIB potentially adding another zero to its price remain. Currently trading around $0.00001218, SHIB has held above the key horizontal support level illustrated in blue on charts for the past six months. This crucial level acted as a price floor on multiple occasions, signifying strong buyer interest and protecting SHIB from further drops.