Shiba Inu Traders Eye Bounce Targets of 500% at Support Level

Despite recent declines, Shiba Inu (SHIB) is attracting attention as traders target a potential rebound near the $0.000010 level. The meme coin has fallen around 4.50% over the past 24 hours, echoing broader crypto market movements. However, its seven-day decline still sits at a significant 4.50%, and year-to-date losses have reached nearly 35.5%. Currently, SHIB trades at $0.00001261, placing it outside the top 20 cryptocurrencies by market capitalization according to CoinMarketCap data.