Shiba Inu at Risk? 91 Trillion SHIB Suddenly Important as Market Drops
Main Idea
Shiba Inu (SHIB) is facing a critical market moment as it tests key support levels, with 91.61 trillion SHIB tokens held within the $0.000008-$0.000013 range, which could determine its near-term performance.
Key Points
1. Shiba Inu is testing support in the $0.000008-$0.000013 range, where 91.61 trillion SHIB tokens are held by approximately 302,740 addresses.
2. The $0.000008-$0.000013 range is a crucial support zone that could set the tone for SHIB's performance in the coming weeks.
3. SHIB fell 5.28% to $0.00001272 in the last 24 hours, testing the 50-day Simple Moving Average (SMA) at $0.00001265, a key level for traders.
4. If the 50-day SMA holds as support, it could provide a foundation for a rebound; failure to hold may lead to a retest of lower support levels around $0.00001.
Description
Shiba Inu battles crucial moment on market
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