Shiba Inu's price has hit a 12-month low of $0.00000446, marking a 68.8% decline from its yearly high and a 65.5% drop over the past year.
The token's value remains below key moving averages, indicating an ongoing downtrend in the market.
Trading volume is also below average, suggesting weak demand for Shiba Inu, although the supply structure remains stable with adequate liquidity.
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