<ul><li>Shiba Inu (SHIB) has experienced significant losses, with its price plummeting by 16% weekly and 10% daily.</li><li>Analyst Ali Martinez suggests that SHIB could potentially find support at $0.000012 or $0.0000094, representing a 30% decline from the current rate.</li><li>If SHIB breaks above $0.00001461, there is a possibility of a bullish momentum and a potential price rally of 230% to $0.00004401.</li><li>Factors such as a decrease in Shibarium activity and a slowdown in the burning mechanism could contribute to further declines and continued bearish sentiment for SHIB in the short term.</li></ul>

Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst)

Discover more