Shiba Inu Price Analysis: SHIB Recovers from $1 Billion Liquidation Crash, Resistance at $0.00000545 Shiba Inu's price plummeted to $0.00000510 after a massive liquidation event, but has since recovered to $0.00000534. The immediate resistance level is around $0.00000545, with the longer black line at approximately $0.00000565 serving as a significant test for the token's future direction. Shiba Inu (SHIB) experienced significant market volatility this week, with its price dropping sharply from a high of $0.00000580 to a low of $0.00000510. The sudden decline was triggered by a massive liquidation event where over $1 billion in leveraged positions were wiped out. Despite the initial crash, the market showed signs of recovery as buyers entered at the lower price levels. The most recent data indicates that SHIB is trading at $0.00000534, hovering near a key support line. The short-term outlook remains uncertain, with the price needing to overcome several resistance points to establish a clear upward trend.