Shiba Inu Could See a Reversal: Analyst Identifies Key Support Levels

Shiba Inu (SHIB), a leading meme-inspired cryptocurrency, has exhibited resilience around a crucial support level. This stability is prompting optimism among analysts who believe the token might be poised for a price reversal. While overall market weakness persists, SHIB continues to attract attention from traders studying its technical structure. 1.7% decline in the past week and a notable 18.77% drop in the last 30 days highlight a dominant bearish trend, but some analysts argue that SHIB’s long-term structure remains intact.