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Shiba Inu ( SHIB ) The current price has reached an important technical support level. From the daily chart analysis, SHIB has fallen back to the key support area formed over the past approximately two years. This price range has undergone nearly 24 months of consolidation and has historically proven to be an important price turning point.
From an investment perspective, the current price range of 0.00001174 to 0.00001091 offers a relatively reasonable entry opportunity. This area, acting as a long-term support, may provide a better risk-reward ratio for patient investors.
However, market participants should be aware that the cryptocurrency market is highly volatile, and any investment decision should be made considering one's own risk tolerance and investment objectives.