The cryptocurrency market continues to reflect broader economic uncertainties as Shiba Inu (SHIB) faces significant downward pressure. Recent price action shows SHIB testing critical support at $0.0000127 after experiencing a 7.4% decline from recent highs, with volume spikes coinciding with major selloffs particularly during early May, according to CoinDesk Research's technical analysis data model
source: https://www.coindesk.com/markets/2025/05/05/shib-plunges-7-4-in-one-week-but-market-sentiment-remains-cautiously-optimistic