Despite a long downward trend, Shiba Inu's technical analysis (SHIB) suggests that the worst for this memcoin may be over. While some analysts were concerned about further declines and the addition of another zero to SHIB's Price, recent data provide a different picture.

Currently, SHIB is trading at 0.00001218, above the key support level that has repeatedly acted as a valid price floor over the past six months. This shows that buyers are still present in this range and prevent further price drops.
Despite the gradual decline in trading volumes, there is no strong sales pressure at these levels. Many weak traders have left the market, but long-term investors are still holding their assets or buying more.

The Relative Strength Index (RSI) is also in the neutral range, indicating that neither the saturation status of the purchase nor the saturation of the sale is seen.

However, market cows do not show much power. Moving averages continue to be on a downward trajectory, creating resistance at the top of the current price.

Hence, SHIB may fluctuate in this range for some time and be more likely to grow only if a strong stimulus emerges or changes in its internal ecosystem.

Overall, another zero increase in SHIB prices could occur only in the event of a sharp market crash. The current structure of the Shiba price suggests that a sharp drop is not a likely scenario at the moment, although the upside potential also seems limited in the short term.