Shiba Inu (SHIB) Breaks Below Key Support, Signaling Further Decline

The meme coin Shiba Inu (SHIB) experienced a significant sell-off, falling below its long-standing $0.000010 support level and adding a fifth zero to its market price. The drop represents a 6% decline in the past 24 hours, pushing SHIB’s market cap down to approximately $5.67 billion after a sharp 24% decline over the past month. Trading volume surged by nearly 49%, indicating heightened market activity. 50% RSI shows potential for continued selling, while MACD indicators highlight weakening momentum. Experts suggest SHIB is in freefall and may soon breach support levels at $0.0000093.