The $0.000026 level is a key sell point for Shiba Inu, with 64,320 addresses holding 69.74 trillion SHIB likely to sell at this price. The SHIB price has broken through its major support level.
As the broader cryptocurrency market faces a correction, meme coins like Shiba Inu and other altcoins are under strong selling pressure. In the last 24 hours, the price of Shiba Inu (SHIB) has dropped by 5.4% to $0.00002404, bringing its market cap to $14.17 billion. Additionally, daily trading volumes have soared by 100%, exceeding $840 million.
Although the broader market correction has put some selling pressure on Shiba Inu, whale accumulation has remained strong throughout.
Shiba Inu, the popular cryptocurrency, saw a 5% drop in its price recently. But don't panic just yet!
Big investors are taking advantage of this dip and buying up SHIB in bulk.
This could be a strategic move to capitalize on the potential for future gains.
Despite the temporary setback, the long-term outlook for Shiba Inu remains positive.
So, if you're already holding SHIB or thinking about investing, now could be a good time to consider your options.
Remember, the cryptocurrency market is volatile, so always do your own research and proceed with caution.
#SHIB #Shibainu #Bitcoin
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