The cryptocurrency Shiba Inu (SHIB) appears to be approaching a significant price point, where its local low could act as a support. This development indicates that SHIB might experience a reversal from its recent bearish trend. Investors and traders should monitor the price action around this level, set near $0.0000114, to assess potential trading opportunities.

With these dynamics, SHIB's community is on alert for signs of market recovery. If support holds firm, it could attract new buyers, potentially driving an upward movement in SHIB's value.