Shiba Inu Nears Key Support: Trader Urges ‘Buy More, You Won’t Regret It’
Posted On June 20, 2025
Shiba Inu (CRYPTO: SHIB) is approaching a critical support zone, and some traders are calling it one of the best buy-the-dip opportunities before the next move higher.
What Happened: Crypto analyst Pepe is Friend points out SHIB is trading around $0.00001164, following a 9.33% weekly decline marked by a bearish structure of lower highs and lower lows. Still, the $6.7 billion market cap zone has previously served as strong support (last seen in April 2024), sparking optimism for a bounce or consolidation.
On the upside, the $10 billion market cap, approximately $0.00001696, remains key resistance, a level it failed to break in May 2024. A breakout above this zone could …
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