Shiba Inu's recent price drop has left the cryptocurrency in a vulnerable position, but the market's volatility suggests a potential turnaround. To determine if a reversal is possible, key price levels must be watched closely. The first level to reclaim is $0.000018, which has historically served as both resistance and support. Consolidation at this level is a positive sign, and surpassing it could lead to stabilization.

The 100 EMA, a reliable support level on the weekly chart, is found at $0.000015. If Shiba Inu rises above this threshold, bullish momentum may be sustained, preventing further losses. The final significant long-term support level is $0.0000096, a psychological barrier and historical support threshold. A dip to this level would indicate a significant retreat, but long-term investors may view it as a buying opportunity. If the price bounces off this level, a significant price reversal and accumulation phase may occur.

The recent decline has pushed Shiba Inu into oversold territory, with the RSI falling below 40 on both daily and weekly charts. This is a sign of a potential reversal, and the price movement on the SHIB/USDT charts highlights the importance of these levels. If Shiba Inu can reclaim these levels, a turnaround may be possible.

The cryptocurrency market is known for its unpredictability, and Shiba Inu's price plunge is a testament to this volatility. However, by watching key price levels and monitoring the RSI, investors may be able to capitalize on a potential reversal. If Shiba Inu can stabilize above the 100 EMA and reclaim the $0.000018 level, a significant price reversal may be on the horizon.

As the market continues to fluctuate, Shiba Inu's price movement will be closely watched. If the cryptocurrency can bounce back from its recent losses and reclaim key levels, a significant accumulation phase may occur, providing a buying opportunity for long-term investors.