Shiba Inu Price Dips 6% as Analyst Eye Breakout Toward $0.00001800

Shiba Inu (SHIB) has faced a turbulent 24 hours, with its price slipping by 6.15% to around $0.00001214. Despite the decline, trading activity spiked, with volume surging 128% to $351 ￰0￱ token’s market capitalization now sits at $7.15 billion, highlighting a market still buzzing with trader ￰1￱ Inu Loses September Gains After $2.4M Bridge Exploit The latest retracement has erased all of SHIB’s early September ￰2￱ token had touched an intra-month high of $0.00001484 but has now dipped below its monthly opening price of $0.00001219. This sharp fall underscores the renewed bearish pressure that continues to weigh on the token’s ￰3￱ watchers point to ecosystem setbacks as a trigger for the recent weakness.

A $2.4 million flash loan exploit hit the Shibarium bridge on September ￰4￱ security firm PeckShield first flagged the incident, noting suspicious activity in the bridge ￰5￱ the Shiba Inu team offered a 50 ETH bounty to resolve the issue, progress has remained ￰6￱ attack dented investor confidence and contributed to selling pressure across the token’s ￰7￱ Inu Nears Breakout as Analysts Eye $0.00001800 Despite recent setbacks, analysts are now focusing on a crucial resistance area that has capped gains for several ￰8￱ Price is currently testing a descending trend line. A confirmed breakout above this level could alter sentiment and spark bullish ￰9￱ suggest that a move past this barrier could push SHIB toward the $0.00001400 to $0.00001800 ￰10￱ believe such a rally would mark the start of a more sustainable bullish ￰11￱ Shiba Inu Break Above $0.00001280 Resistance?

Momentum indicators are also being monitored ￰12￱ Moving Average Convergence Divergence (MACD) shows early signs of convergence, hinting at a potential bullish ￰13￱ confirmed, SHIB could soon retest resistance levels near $0.00001250 to $0.00001280. Analysts note that a decisive breakout above $0.00001280 may open the path toward $0.00001320. This outlook is aligned with bullish traders seeking a short-term rebound despite recent negative ￰14￱ Inu is still under pressure, though the analysts emphasize that major technical points might outline the future course of the token. Shortly, traders are waiting keenly to see whether SHIB can support at the $0.00001200 level and make a possible recovery.