Shiba Inu Faces Key Test as Support Levels Shift Below $0.000015

As Shiba Inu continues to be at the mercy of the bears, analyst Ali Martinez has identified the token's next support level after it lost a key price point. Shiba Inu’s price has fallen below $0.000015, signaling a critical phase for the dog-themed meme coin. At the time of writing, SHIB is trading at $0.00001479, reflecting a 5.32% decline in the last 24 hours. Over the past week, It has dipped by 7%. Amid this persistent decline, Martinez has pointed out key levels to monitor as SHIB navigates this downturn. Shiba Inu Price History and Key Levels In a tweet, Martinez shared a historical chart of Shiba Inu. According to the graph, SHIB’s price movement has followed a distinct pattern over the years. From late 2021 to early 2022, SHIB saw a sharp peak followed by a rapid decline. Throughout 2022 and 2023, SHIB entered a prolonged consolidation phase, fluctuating within a defined range. However, a breakout attempt in late 2023 to early 2024 failed, leading to a retest and subsequent breakdown. In the latest downturn, Martinez highlighted that SHIB has lost a crucial support level. His chart shows the next major support zones at $0.000011 and $0.000008, which could determine the memecoin’s next move. https://twitter.com/ali_charts/status/1893575522892030394 Contrasting Analyst Predictions While some analysts foresee continued struggles for SHIB, others anticipate a potential recovery. Notably, analyst Javon Marks has identified a possible formation of an inverse head and shoulders pattern.  If this pattern completes, it could push SHIB toward the $0.000081 level. This scenario would represent a 400% increase from the current price, a development that could attract renewed interest in the asset. AI-Based Predictions on SHIB Future Separately, OpenAI’s ChatGPT recently provided possible scenarios for SHIB’s future price movement. The chatbot considered historical price patterns, market cycles, and ecosystem developments. One scenario suggests that SHIB could reclaim its all-time high between 2028 and 2030 if growth remains gradual without another major hype cycle. However, in a strong bull market, where Bitcoin trades between $150,000 and $200,000, SHIB could reach its previous peak between 2025 and 2026. If speculative hype, token burns, and buying pressure combine with bullish market conditions, SHIB could reclaim its all-time high before 2025 ends.