According to CoinMeta, the price of SHIB fell back after breaking through 40%, and is currently trading around $0.00000468. Although the price of SHIB reached approximately $0.0000058 during the breakout period, sellers quickly absorbed the demand, causing the price to fall back to a new support range of $0.0000045. Analysts point out that SHIB is still above the price range seen for most of July and is trading near the 20-day and 50-day simple moving averages. If it can remain in this area, buyers are expected to establish a higher foundation. The current support level is around $0.00000444; if it falls below this level, it could lead to a price drop to $0.0000041.