Shiba Inu (SHIB) regains key support, here's what it further needs to surmount SHIB ShibArmy SHIBCommunity $SHIB
's price decreased by one zero after it once again reached the psychological $0.00001 mark. SHIB is hanging in the balance at this point as bulls make a valiant effort to prevent bears from regaining this area, which could lead to more falls.IntoTheBlock
data, Shiba Inu is involved in a broad resistance range between $0.000010 and $0.000025, where over 387,000 addresses bought close to 643 trillion SHIB. To focus on a smaller area, the biggest obstacle is between $0.00001 and $0.000014, which prevents SHIB from rising any higher.A total of 231,000 addresses purchased 257 trillion SHIB in this region, which could lead to selling pressure if these addresses decide to take profits if the price reaches this level.
This might make it slightly harder for SHIB to break through without enormous buying pressure. Over 10.3 trillion SHIB were purchased in the $0.000009 range, which serves as significant support in the event of further declines. According to Shib Burn Twitter, in the past 24 hours, there have been a total of 2,993,024 SHIB tokens burned in two transactions.According to CoinGecko's survey, Shiba Inu, which accounted for 46.7% of interest among the top meme currencies in 2023, is by far the meme currency that people are most interested in.
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