Shiba Inu Likely to Drop to $0.00001 as $0.0000122 Support Faces Test
I expect Shiba Inu (SHIB) to weaken over the next 2–3 weeks, with a likely drop toward the $0.00001 level if selling pressure continues.
The critical support at $0.0000122 is under significant pressure as key technical indicators are deteriorating, suggesting downside momentum may accelerate if that level breaks.
I will avoid new long positions until the market shows clear signs of support or reversal and consider reducing exposure if $0.0000122 fails to hold.
Analysis
Technical indicators show weakening momentum and the $0.0000122 support is critical; a sustained break could bring SHIB down to the $0.00001 target within 2–3 weeks, while a hold would limit downside.
Recommendation
Sell or avoid buying here; wait for confirmation of support at $0.0000122 or signs of a technical reversal before initiating new long positions.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.