SHIB Battles Key Support Amidst Widespread Altcoin Selloff

Shiba Inu (SHIB) experienced a 18.7% weekly decline, testing its key support level near $0.000057464 as the broader cryptocurrency market faces volatility. Analysts closely monitor this volatile period for potential recovery signals. The token’s trading ratios show resilience against Bitcoin and Ethereum despite sector-wide pressure. However, narrowing price ranges and heavy liquidations could indicate a stabilization or recovery phase in the near future.