Given the current downturn in the cryptocurrency market, it's only a matter of time before the Shiba Inu memecoin potentially falls below the $0.00002 support level. With Bitcoin's price dropping from $56,900 per token, it's now venturing into the realm of meme coins, raising concerns about altcoin profit margins.

Over the past 24 hours, Shiba Inu has experienced a 5.66% loss, and over the past week, a 19.6% loss. Investors who bought in at the euro's two-year high in late March are understandably wary. However, despite the gloomy outlook, there are still some positive developments.

One positive sign is the increasing number of people purchasing the token and using Shibarium. Despite the current price decline, market data shows a surge in SHIB wallet holders, indicating growing cryptocurrency usage even amidst market challenges.

The key question now is whether Shiba Inu can bounce back to its previous heights. Reaching its last support point suggests significant challenges for investors. While a recovery is still possible as long as it remains above the $0.000022 support level, rapid growth may be hindered by macroeconomic issues like potential stagflation in the US, prompting investors to shy away from risky assets like memecoins.

Despite these challenges, the strong and emotionally invested SHIB community is likely to stick with the currency through rough times, providing resilience and stability compared to other similar tokens that quickly disappear during market downturns. In this context, employing strategies like Dollar Cost Averaging (DCA) could help generate profits over time and mitigate cryptocurrency volatility.