Shiba Inu (SHIB) is currently hovering near a critical support level amidst broader market volatility. With selling pressure mounting, the token could face further declines if it breaks this support, signaling a possible dip to new lows this week.

- Market Conditions: SHIB is trading around $0.00001412, reflecting a 6% decrease over 24 hours, as the broader crypto market faces heightened volatility.

- Support Level: SHIB is struggling to stay above $0.000013, which has provided strong support in the past. If this level breaks, further downside could follow.

- Market Weakness: Bitcoin and Ethereum are also experiencing declines, contributing to the broader market downturn that has impacted SHIB’s performance.

- Burn Rate Decline: SHIB's burn rate has dropped by 95%, with only a small amount of tokens removed from circulation recently.

- Technical Indicators: The Relative Strength Index (RSI) is at 39, indicating oversold conditions, while the MACD shows a potential shift in momentum.

- Key Levels: Immediate resistance is at $0.000015, while a failure to hold support at $0.00001405 could lead to a retest of the $0.00001 mark, marking a potential drop of over 20%.

Shiba Inu is at a critical juncture, and its ability to hold support at $0.000013 will determine its short-term direction. If selling pressure persists, SHIB could break lower, possibly reaching new lows this week. Traders should stay cautious and monitor key levels closely.
https://coinpedia.org/price-prediction/shiba-inu-price-prediction/