Shiba Inu's Recovery Hinges on Bitcoin and Ethereum Strength

Shiba Inu is currently trading at approximately $0.000005553, hovering near its lower price range. According to NS3.AI, the potential for a sustainable recovery in Shiba Inu largely depends on the performance of Bitcoin and Ethereum. The analysis suggests that new liquidity typically enters the cryptocurrency market through Bitcoin, with capital subsequently rotating into altcoins such as Shiba Inu. The report also emphasizes the impact of current geopolitical tensions and cautious market sentiment on Bitcoin's resistance and support levels. Key resistance levels for Bitcoin are identified between $75,000–$79,000 and $86,000–$90,000, while support is noted near $60,000. These levels are considered crucial for Shiba Inu's future price trajectory.