<ul data-eligibleForWebStory="true">An analyst sees the $6.7 billion market cap as crucial support for Shiba Inu.At the $10 billion market cap level, SHIB faces resistance which must be broken for an upward trend.Two scenarios present potential gains of 80–100% or a drop to the $0.00000630 support level.Shiba Inu currently trades in a narrow range facing downward pressure.The analyst believes SHIB is approaching a critical support zone for potential price recovery.Historical support patterns suggest the importance of the $6.7 billion market cap level.In April 2024, Shiba Inu fell below this threshold but rebounded, indicating strong support.Resistance is seen at the $10 billion market cap level which has blocked previous rally attempts.Breaking this resistance could lead to new highs around $0.00001696 for SHIB.Investors are advised to stay confident and possibly buy more SHIB at these levels.A tweet suggests SHIB is near the bottom and may consolidate before a growth phase.The analyst anticipates consolidation before potential further development if SHIB hits the support zone.Previous struggles breaking the $10 billion market cap level highlight its significance.Breaking this resistance could trigger an upward trend for SHIB.Historical data supports the effectiveness of the $6.7 billion market cap support level.The expert remains positive about SHIB's potential price movements.