Renowned market analyst, The Don of Apes, predicts a potential slump in Shiba Inu's price to $0.00001822, but identifies this level as a good entry point for investors. Despite Shiba Inu's struggles this month, The Don of Apes believes the cryptocurrency will eventually recover, making the predicted price level an attractive buying opportunity.

Shiba Inu has historically performed poorly in June, and this year seems no different, with a 13% decline in value so far. The Don of Apes expects the downtrend to continue, breaking below the crucial $0.00002 psychological support. However, he notes that the $0.00001822 level, marked with a green bar on the daily chart, presents a buying opportunity.

Currently, Shiba Inu is in the oversold zone, with a Relative Strength Index (RSI) of 22 and a Stochastic indicator of 19, suggesting a potential reversal to the upside. While The Don of Apes' prediction may seem bearish, it also highlights a potential entry point for investors looking to buy the dip.

It is important to note that cryptocurrency investments carry risks, and thorough research is essential before making any investment decisions. The Crypto Basic is not responsible for any financial losses resulting from investment decisions based on this article.