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Shiba Inu Price Prediction: SHIB Recovers 15% From Crash Low While Bitcoin Slides Under $65K

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  • Shiba Inu gains 4.63% to $0.00000587 after bouncing 15% from session lows at $0.0000050 amid Bitcoin’s crash below $65,000.
  • Spot outflows remain contained at $1.14 million despite the broader market carnage that sent BTC down over 50% from October highs.
  • Recovery requires reclaiming $0.00000711, while a close below $0.0000050 opens downside toward the $0.0000040 demand zone.

Shiba Inu price today trades near $0.00000587 after rebounding from a session low at $0.0000050, its lowest level since early 2024. The bounce comes as Bitcoin crashes below $61,000, down over 50% from its all-time high of $126,080 reached just four months ago.

Spot Outflows Remain Modest At $1.14 Million

SHIB Netflows (Source: Coinglass)

Coinglass data shows $1.14 million in spot outflows on February 6, a relatively contained figure given the market-wide panic. The modest outflow suggest…

Read The Full Article Shiba Inu Price Prediction: SHIB Recovers 15% From Crash Low While Bitcoin Slides Under $65K On Coin Edition.

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