The $6.7 billion market capitalization is identified by analyst “Pepe is Friend” as the crucial support zone for Shiba Inu. At the $10 billion market capitalization level, SHIB encounters resistance; a break is necessary for an upward trend. Potential gains of 80–100% or a collapse to the $0.00000630 support level are depicted in two scenarios. Shiba Inu trades in a narrow range between $0.00001142 and $0.00001229 as the meme coin faces downward pressure that has pushed it 1.02% lower in 24 hours and 9.33% down over the past week. The pseudonymous analyst “Pepe is Friend” believes SHIB is getting close to a critical support zone that can serve as the basis for a price recovery from the present levels around $0.00001164, despite the negative momentum.The analyst’s market cap analysis reveals a pattern of lower highs and lower lows that characterizes the ongoing downtrend. However, he identifies a critical support zone around the $6.7 billion market cap level that has historically provided price stability and served as a launching point for recovery movements. $SHIB is pretty much at the bottom now, seems like it's approaching the support zone. If it really hits that support, it'll likely move sideways for a while before the next growth phase. Stay confident and keep holding or even buy more #SHIB . I’m sure you won’t regret it. You… pic.twitter.com/T6Gt4SfN3g — PEPE is friend (@pepeisfriend) June 19, 2025 Historical Support Patterns Suggest Potential Floor Formation Historical precedent supports the importance of this support zone, as demonstrated during April 2024 when Shiba Inu fell below the $6.08 billion market cap threshold. Bears failed to maintain downward pressure at these levels, resulting in a price rebound that validated the support zone’s effectiveness. “Pepe is Friend” anticipates consolidation before any further development phase emerges if SHIB hits this region once more. Conversely, Shiba Inu faces formidable resistance around the $10 billion market cap level, which has consistently stalled upward momentum during previous rally attempts. Mid-May 2024 provides a clear example when SHIB struggled to break above this threshold and subsequently retraced to approximately $7 billion in market cap, illustrating the strength of this resistance zone. An upward trend toward new highs would commence if the market cap resistance of $10 billion were broken. The price of SHIB would hit around $0.00001696 at this point, making it an obvious objective for optimistic scenarios. Investors are urged to “stay confident and keep holding or even buy more SHIB,” as the expert is positive that the present price levels will decline.