Shiba Inu Faces Key Support Zone Amid Market Profit-Taking, Potential for Stabilization Remains
2025-07-15 15:06:24
Main Idea
Shiba Inu (SHIB) is testing a key support zone at $0.000011, where 99.75 trillion tokens are held by over 325,000 addresses, potentially stabilizing its price amid broader crypto market profit-taking.
Key Points
1. Approximately 99.75 trillion SHIB tokens are held at an average cost of $0.000011 by over 325,000 addresses, creating a strong support level.
2. SHIB's recent price dip aligns with Bitcoin's correction, highlighting its sensitivity to Bitcoin's market movements.
3. Holding above $0.000011 could signal buying opportunities and future upward momentum if market sentiment improves.
4. A break below $0.000011 may indicate further declines, making this level a critical indicator for SHIB's short-term resilience.
5. Shiba Inu has maintained its price above $0.00001 since early 2025, avoiding further depreciation.
Description
Shiba Inu (SHIB) faces a critical support test after a recent 6% price drop amid broader crypto market profit-taking. The token’s price action closely mirrors Bitcoin’s recent pullback from record
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