SHIB Price Prediction March 1: Will Shiba Inu Hold? Key Support Could Trigger Next SHIB Rally

• SHIB’s next move depends on holding key support at $0.00001300 to avoid further losses.
• Rising trading volume suggests strong participation, but bearish sentiment still dominates.
• SEC classifies meme coins as collectibles, exempting them from federal securities laws.

Shiba Inu (SHIB) is under significant market pressure as its price continues to decline. Over the past 24 hours, SHIB has dropped by 10.31%, reflecting increased selling pressure. The cryptocurrency started at $0.00001466 but gradually trended downward, reaching $0.00001314. 

The downward movement shows lower highs and lower lows, indicating a clear bearish trend. With SHIB near critical support levels, its ability to hold these levels will determine whether a recovery is possible or further losses are ahead.

Key SHIB Support and Resistance Levels to Watch

Currently, SHIB is testing critical support levels that could influence its short-term price action. The immediate support at $0.00001300 serves as a psychological barrier, and a break below this level could trigger additional selling. 

The next support at $0.00001280 may attract buyers, while $0.00001250 remains a stronger historica…

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