Shiba Inu Faces Crucial Test at $0.0000095 – Will Support Hold?

As Shiba Inu faces a pivotal moment near the crucial support level of $0.0000095, technical indicators paint a picture of potential downside risk. The token’s future outlook hinges on whether it can weather this challenging period or succumb to further decline. Recent drops in Shibarium activity and decreasing TVL (total value locked) signal limited adoption within the ecosystem. While traders are cautiously optimistic about a potential recovery, bearish pressure persists as selling pressure strengthens.