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<div class="watcher-guru">
 <p>Shiba Inu finally broke below a pivotal support level this week that had held firm since mid-January, raising the risk of an extended selloff toward further depths.</p>
 <p>SHIB collapsed below $0.000009 support amid a broader cryptocurrency meltdown that has Bitcoin hovering around $39,000. The meme token has shed nearly 8% over the last seven days, with technically significant support levels now in danger.</p>
 <p>The breakdown quashed hopes that embattled SHIB bulls could use the $0.000009 level as a launchpad once markets eventually turn. Instead, price erosion opens the door to testing new support tiers highlighted by analysts.</p>
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 <p><strong>Also read: Dogecoin (DOGE) February Price Prediction</strong></p>
 <h2 class="wp-block-heading" id="h-will-shiba-inu-plunge-lower">Will Shiba Inu plunge lower?</h2>
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 <p>For now, SHIB is clinging above its 0.5 Fib line around $0.0000087. However, continued pressure risks breaching that support to feed additional capitulation toward the highly symbolic $0.000008 figure, which represented resistance last November.</p>
 <p>To avoid that outcome, Shiba Inu needs to reclaim its former foothold at $0.000009 fast. With Bitcoin struggling for traction of its own, analysts aren’t highly confident in the prospects of major altcoins regaining lost ground for now.</p>
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 <p>Buying interest also risks further deterioration if lower support thresholds cave and validate a technical breakdown. Without a swift trend change, SHIB remains vulnerable to revisiting almost two-year lows.</p>
 <p><strong>Also read: 5 Cryptocurrencies Under $0.10 That Can Rally Like Shiba Inu</strong></p>
 <h2 class="wp-block-heading" id="h-next-levels-to-watch">Next levels to watch</h2>
 <p>According to the latest data, SHIB’s crucial test starts with defending $0.0000087 support in the coming days. A decisive daily close below that level likely opens the door to nullifying additional defenses.</p>
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 <p>Data from CoinGecko shows that SHIB has been trading in the red. The second-largest meme coin has shed almost 20% in the last 30 days.</p>
 <p>From there, only a sudden surge of buying interest and positive sentiment tied to crypto-specific developments could prevent the mem coin from extending its protracted crash since 2021 all-time highs.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-breaks-below-key-0-000009-support-what-s-next-tbt77908.html">https://thebittimes.com/shiba-inu-breaks-below-key-0-000009-support-what-s-next-tbt77908.html</a></p>

Shiba Inu Breaks Below Key $0.000009 Support; What's Next?

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