Shiba Inu witnessed a decline of 4% in its price, reaching $0.00001342 on Sunday. This drop occurred alongside Bitcoin’s fall below the crucial support level of $60,000. As a result, major altcoins also experienced declines, which impacted the volatile and speculative meme cryptocurrency sector. The selling pressure caused SHIB to retreat from its multi-month resistance, indicating a possible risk of a more substantial correction in the future.
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