Shiba Inu (SHIB) is down 2.3% to $0.00001265 this week, underperforming the broader crypto market, where Bitcoin (BTC) is up 2.9% to $85,150. Despite the decline, SHIB appears to be stabilizing after falling to $0.00001071 last week, near the key support level of $0.00001000.
The altcoin is attempting to recover as market sentiment improves, driven by optimism following the Federal Reserve’s dovish stance shift on Wednesday. If the positive momentum in the crypto market continues, SHIB could see a stronger rebound in the coming weeks.
