SHIB Slumps 10% as Sellers Threaten Key Support Zone

Shiba Inu's (SHIB) recent rally has come to an abrupt end after losing around 10% of its value. The token dropped from $0.00000624 to the critical support zone near $0.0000056.

The decline pushed SHIB toward a key technical level, and buyers must defend this area to preserve the recent recovery structure.

If they fail to do so, SHIB could face deeper losses toward lower technical support levels, with the next downside support sitting around $0.0000054.