Shiba Inu recovers, but it could still fall by 15%, analysis reveals.

Shiba Inu has accumulated about 35% appreciation since April 9th. This rise positioned the asset near the resistance at US$ 0,00001420, a region considered key for the continuation of the upward movement.

However, buyers were unable to push SHIB to that point. The lack of buying strength increased the risks of correction, especially if the price continues to fall below the 0.236 retracement level, located at US$ 0,00001304.

If this occurs, the price could drop to the so-called “golden zone” of Fibonacci, between the 0.5 and 0.618 levels. In this scenario, Shiba Inu could retreat to US$ 0,00001161, which would represent a decline of approximately 15% from the current value.