$BTC Despite the slight recovery in the prices of most meme coins over the last 24 hours, the price of Shiba Inu (Shiba Inu-SHIB) continued to decline, losing 15% of its value over the last 7 days, as tensions in the Middle East contributed to a setback in the crypto markets in general. In comparison, the prices of other meme coins such as Dogecoin (Dogecoin-DOGE) and Pepe (Pepe-PEPE) increased by 1.5% and 4.6%, respectively.

This comes as the price of SHIB approaches a key support level that may determine its direction in the coming days at $0.00001050, and its project boasts one of the strongest communities in crypto, representing a technical system that serves as a platform for launching an increasing number of decentralized applications (dApps) that allow investors to stake their coins, enjoy blockchain-based games, and trade other meme coins. However, can the price rebound from its key support level of $0.00001050 upwards?