Shiba Inu (SHIB) experienced a significant price decline this past week, dropping by 14.4% to its current level of around $0.00001423. This drop follows the token’s movement from approximately $0.000017 to its current value. Despite the downward trend, technical analysis suggests a potential breakout for SHIB with notable resistance levels identified near $0.000015 and $0.000017. While short-term momentum has weakened due to recent price fluctuations, key support levels are also highlighted on the weekly chart. 7 Analyst Şeyma provided a comprehensive multi-timeframe analysis of the 1000SHIB/USDT perpetual contract on Binance, focusing on both weekly and 4-hour timeframes to identify crucial price levels.