Shiba Inu Coin has been down-trending since its 52 weeks high of 0.00009236 or depending on which platform you use, you may see a different number. The coin is consolidating in its current support line of 0.00004057 and the big question is now will it stay above its support line or will it go below the support line?
If Shiba Inu manage to create another hype catalyst or some bullish sentiment, it could even break out the current resistance line of 0.00009000. Depending on the catalyst, the social sentiment can grow rapidly for Shiba Inu Coin especially having more than 2 million followers on Twitter and other social media.
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