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Based on the daily chart, $SHIB has reached a significant support level around $0.00001178, which it has tested several times since August, forming a potential triple-bottom pattern. The key resistance to watch, which aligns with this pattern's neckline, is at $0.00001481. A successful breakout above this level could potentially lead to an upward move toward that target. Conversely, if the price breaks decisively below the $0.00001178 support, the current outlook would be invalidated. Such a breakdown could signal the formation of a descending triangle, potentially leading to further downward momentum.

TODAY'S PRIME FOCUS: The future targets for⬇️ 🔮 $SHIB | Shiba Inu [@Shibtoken] For information only—Not investment advice. DYOR❗️ Find out the predicted price target for $SHIB in 2025 according to our analysts 👇

$SHIB Price Holds Support as Burn Rate Surges 1,431% - Technical Analysis SHIB trades sideways with RSI at 41.03 while massive burn rate spike and ETF speculation create mixed sentiment for #Shiba Inu holders.

LIVE] Crypto News Today, September 23 – Bitcoin Battles $112K Support, Meme Coins Bleed: Best Meme Coins To Buy Right Now? The crypto market is on edge this Monday as Bitcoin $BTC trades at $113,063, after briefly touching $111,500 earlier in the session. With September living up to its “Red September” curse, altcoins are taking heavy losses, and meme coins are among the hardest hit. Dogecoin $DOGE Shiba Inu $SHIB and other top names have dropped between 10% and 20% in the last 24 hours, leaving traders scanning the charts for recovery plays. Some traders are eyeing Bonk: after falling into oversold territory, it is starting to attract attention as one of the best meme coins to buy during the dip. But let’s see what this last week of September has in store for us. Last Red Week Before “Uptober”? Traders are on the edge as the final week of September begins. Bitcoin is now less than 4% away from closing another down month in what is historically its weakest period. After sliding from $115K, BTC retested $111,500 before bouncing back above $113K. Analysts warn that if the $112K level fails, BTC could slide toward $108K or even $100K. With volatility guaranteed, the key question remains: will Bitcoin manage to survive “Red September,” or will we need to wait for “Uptober” to bring relief? Historically, October has been one of Bitcoin’s strongest months, with positive returns in most years. That seasonal pattern is fueling hope that Q4 could bring a turnaround, even if September ends in the red. Best Meme Coins to Buy: Is Bonk Oversold or a Breakout Opportunity? The broader downturn has put meme coins under extreme pressure. Dogecoin and Shiba Inu lost double digits, but BONK is now showing early signs of resilience. Technicals indicate that BONK has entered an oversold zone, with Relative Strength Index (RSI) readings suggesting a potential bounce. Traders are beginning to speculate that BONK could emerge as one of the best meme coins to buy ahead of a recovery. BONK is testing strong daily support near 0.00001969. If buyers defend, a rebound toward 0.00003 is likely; failure could trigger deeper downside. Watch volume and RSI for confirmation. And of course, Bitcoin price action. Adding fuel to that narrative is BONK’s expanding ecosystem. The project is aiming to become a leading launchpad in the U.S., with upcoming features including a streaming platform and innovative token mechanics that could set it apart from other meme-based tokens. If successful, BONK may transform from speculative hype into a more sustainable platform play. For now, the spotlight stays on Bitcoin’s $112K support zone. If it holds, the path toward “Uptober” remains intact. If not, the final week of September could test even the most seasoned crypto traders’ patience.

Shiba Inu (SHIB), the Ethereum-based decentralized cryptocurrency, is currently ranked #2 in popularity on Mudrex. Its market capitalization stands at $7,104,193,416.56. The 24-hour trading volume for SHIB is $393,720,991.4, reflecting a 150.77% change in volume over the past 24 hours. The circulating supply of SHIB is 589,245,886,034,338.1, with a total supply of 589,500,926,420,646.4 and a maximum supply of 589,552,695,333,683. SHIB's price has seen a 24-hour percentage change of -5.91%. Here's a summary of SHIB's recent price activity: Timeframe High Low 24h 0.00001283 0.00001171 30d 0.000014837 0.00001171 1y 0.0000334305 0.000010047