The Shiba Inu (SHIB) price experienced a significant dip, dropping by 7.22% in the past 24 hours, as per CoinStats. The current SHIB/USD rate hovers near its local support level of $0.00001468. If market sentiment doesn’t change, a further decrease is likely to occur, potentially reaching the $0.000014 mark. 🔎 On a larger time scale, traders should focus on the daily bar closing near the $0.00001485 level. This could suggest an extended downward trend towards the $0.00001350-$0.000014 range. 📉 However, from a medium-term perspective, SHIB has attempted to break above resistance of $0.00001734, but if the weekly bar closes far below this level, a quick correction towards $0.000014 might occur.