Shiba Inu Consolidates After 9% Drop: Can Buyers Defend $0.000011?

Shiba Inu (SHIB) faces a critical moment as the token hovers near the $0.000011 support ￰0￱ a 9% decline over the past week the token trades at $0.00001176 with its market capitalization holding steady at $6.93 ￰1￱ figure aligns with both its fully diluted valuation and unlocked market cap showing that nearly all tokens are ￰2￱ this

trading activity has slowed significantly with 24-hour volume falling 42.47% to $110.6 ￰3￱ volume-to-market-cap ratio now stands at 1.68% signaling subdued investor ￰4￱ Triangle Consolidation Since May SHIB has been consolidating within a symmetrical triangle

a pattern often signaling an imminent ￰5￱ present the token is testing a pivotal support level near $0.000011 which coincides with the 0.236 Fibonacci ￰6￱ support has historically acted as a key pivot for price movements making it a decisive point for the token’s next directional ￰7￱ daily price chart,