Shiba Inu Price Faces Uncertain Future: Will It Break Resistance or Plunge?

Despite positive performance among top altcoins, Shiba Inu’s price has struggled around a critical resistance level. While Dogecoin, Pepe coin, Trump coin, and Bonk memecoins rally, SHIB has experienced a 2% drop in 24 hours. This dip has fueled concerns about the future of this second-largest memecoin after its significant year-to-date decline. SHIB is down nearly 41.34% this year, trailing far from its all-time high of $0.00008845. This suggests a prolonged bearish trend for the Ethereum-based project. Analyzing market trends and price predictions for SHIB this week will help investors understand where the coin might head next.