Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

The cryptocurrency market is feeling the effects of shifting global economic conditions as Shiba Inu (SHIB) faces significant downward pressure. The meme token's recent price action shows a clear downtrend with consecutive lower highs, breaking through multiple support levels. The most intense selling occurred during the 07:00 hour when price collapsed to 0.0000149, with volume nearly doubling the average trading rate source: https://www.coindesk.com/markets/2025/05/15/shiba-inu-shib-price-drops-7-in-24-hours-but-remains-up-25-over-the-last-month