Shiba Inu’s Range Holds Amidst 14.5% Weekly Drop

Shiba Inu (SHIB) is showing resilience above the crucial $0.000010 support level, despite a significant 14.5% weekly decline and tightening range. Analysts point to expanding DeFi applications and increasing institutional investment as key drivers behind this continued stability. While bears are pushing for further downward movement, technical indicators suggest a potential double bottom pattern forming around the $0.00001000 level, hinting at a possible rebound.