Shiba Inu Price Plunges, Signaling Continued Decline

Shiba Inu (SHIB), a popular Ethereum-based meme coin, has experienced a significant downturn, reaching a critical support level as the cryptocurrency market continues to decline. The coin’s price recently plummeted to its lowest point since February, shedding over 65% from its year-to-date lows. This drop is fueled by broader market weakness, with Bitcoin (BTC) and most altcoins experiencing significant corrections.