Shiba Inu Approaches Critical Buying Area as $0.000012 Support Level is Tested

Current Support Level: Shiba Inu (SHIB) is consolidating above the key support level of $0.000012, with whale accumulation noted, but negative exchange flows suggest potential bearish pressure.

Market Analysis: Analysts warn that a break below $0.000012 could lead to a 15% decline, with SHIB currently range-bound between $0.0000106 and $0.000016, showing bearish momentum indicators.

Risk Assessment: The $0.000012 level is identified as a crucial accumulation zone, but the lack of bullish confirmation makes it a high-risk buying opportunity, with traders advised to wait for a breakout above $0.000014.

Outlook: Despite whale accumulation, SHIB shows signs of weakness, and unless bulls regain momentum, further downside risks remain.