SHIBA INU WON'T STAY THIS CHEAP FOR LONG,TIME TO BUY?

Shiba Inu (SHIB) is currently trading at $0.00001164, with a market capitalization of $6.7 billion. Analyst "Pepe is Friend" believes this market cap is a crucial support zone, and if SHIB hits this region again, it might consolidate before any future growth phase. There's potential for an 80-100% gain or a collapse to the $0.00000630 support level.

Key Factors to Consider:

- Support Zone: $6.7 billion market capitalization is a key support area, validated by historical precedent in April 2024 when SHIB rebounded after falling below $6.08 billion market cap

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- Resistance Level: $10 billion market capitalization is a significant resistance level; breaking through this is necessary for an upward trend.

- Current Price Movement: SHIB has shown recent stagnation, with its price hovering between $0.00001142 and $0.00001229, experiencing a 1.02% decline in the past 24 hours and a 9.33% drop over the last seven days.

- investor Sentiment: Over 940,000 Shiba Inu addresses are currently incurring losses, but many investors remain confident in SHIB's long-term potential.

Expert Insights:

- Analysts suggest that if SHIB can rebound from its support level, it may catalyze a 'mean reversion' trend, potentially pushing prices up to around $0.00001500.

- Some analysts believe SHIB won't stay cheap for long, encouraging investors to "stay confident and keep holding or even buy more SHIB".

Should You Buy Now?

Considering the current market volatility and SHIB's price fluctuations, it's essential to weigh the potential risks and rewards. If you believe in SHIB's long-term potential and are willing to hold through market fluctuations, now might be a good time to buy. However, if you're risk-averse, you might want to wait for a clearer trend .#MarketRebound #NEWTBinanceHODLer #SHİB $SHIB