Shiba Inu

<ul><li>Shiba Inu (SHIB) faces a significant decline in 24 hours, setting a new August low and raising investor concerns.</li><li>Analyst KerschneR predicts SHIB could rally to $0.00003 if it maintains the $0.000015 support level.</li><li>Breaking below $0.000015 risks significant losses for SHIB holders, with 100,500 addresses heavily invested at this price.</li></ul>Shiba Inu (SHIB) experienced a significant decline, with its value declining by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">5.43%</a> in the past 24 hours. This sharp fall set a new bottom for SHIB in August, raising concerns among its investors and the broader crypto community.Crypto analyst KerschneR recently shared insights on the current state of Shiba Inu. In a recent X post, the analyst <a href="https://x.com/Cryptobyker/status/1819423174536450351" rel="noopener noreferrer nofollow">highlighted</a> that SHIB is consolidating around the $0.000015 mark. He suggested that if SHIB maintains this support level, it could trigger a substantial rally, potentially doubling its price to $0.00003. This optimistic forecast hinges on SHIB&#39;s ability to defend this critical price point.The $0.000015 price level is important as it is the level where around 100,500 addresses aggregate SHIB tokens. <a href="https://app.intotheblock.com/coin/SHIB" rel="noopener noreferrer nofollow">IntoTheBlock</a>, an analytics platform that provides insights into the blockchain space, shows that these investors hold 442.577 billion in <a href="https://cryptotale.org/shiba-inus-potential-surge-could-shib-skyrocket-if-bitcoin-hits-2-9m/" rel="noopener noreferrer nofollow">SHIB tokens</a> at an average cost of $0.000017. Below this level, these holders would be loss-making, and according to the SHIB distribution, they are locked with the most substantial amount of SHIB tokens.<a href="https://cryptotale.org/shib-faces-new-low-amid-market-dip-potential-rally-ahead/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SHIB Faces New Low Amid Market Dip: Potential Rally Ahead?

CryptoTale

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