The Shiba Inu (SHIB) market has seen a daily decline of 2%, paralleling a trend in the broader meme coin sector. Analysts suggest that if SHIB can break through a significant resistance level, it could experience a surge of over 50%. This potential for growth is attracting attention from investors who are monitoring price movements and market sentiment around SHIB. Given the current volatility in meme coins, traders remain hopeful for a bounce-back that could solidify SHIB’s position in the market.