The price of $SHIB is declining on the daily chart
At the time of writing, the price of Shiba Inu has lost about 21% in the last 10 days. If the project continues to face a decline in the number of new investors, SHIB may lose an important support level at $0.00001188. This would lead to a decrease in price to $0.00001141 or lower.
However, if SHIB holds above the support of $0.00001188, growth is possible. If Shiba Inu bounces back from this level, it could reach $0.00001317. Turning this level into support would invalidate the bearish scenario and open the price to further growth in the near future.
