Almost 800,000,000,000,000 Shiba Inu (SHIB): Everything Returns to Point Zero
Main Idea
Shiba Inu (SHIB) has experienced a significant reset after a rally, with over 80% of its circulating volume underwater, making recovery difficult.
Key Points
1. SHIB's price was rejected below the 200-day moving average (~$0.0000145) and is hovering near the $0.0000133 support zone.
2. Over 789.98 trillion SHIB (80% of circulating volume) is currently out of the money, indicating poor holder profitability.
3. Whale activity has declined sharply after a brief spike during SHIB's price peak.
4. RSI indicators suggest a plateau, and technical rejection increases the risk of further declines.
5. Shiba Inu's burn rate has collapsed by 93%, signaling a potential major reset.
Description
Shiba Inu reset after rally we saw in July
$SHIB
$0.000014112
+5.51%
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