SHIB STRUGGLES AT $0.00001158 AS 129T TOKENS STAY LOCKED UP!

Shiba Inu (SHIB) is currently trading at $0.00001158, with 129 trillion tokens held by just 45 addresses, raising questions about supply control. The token's price has remained within a narrow range between $0.00001142 and $0.00001229, indicating low volatility and market indecision.

Key Factors Influencing SHIB's Price:

Token Holdings: 129 trillion SHIB tokens are locked up in 45 wallets, potentially impacting supply and demand dynamics.

Support and Resistance Levels: Analysts are watching the $6.7 billion support level and $10 billion resistance level for SHIB's next major price move.

Market Sentiment: Investor sentiment remains cautious, with some expecting a potential comeback and others concerned about ongoing price pressure.

Burn Rate: Recent spikes in SHIB's burn rate, such as a 7,000% increase, have excited the crypto community, but the impact on price remains uncertain.

Future Prospects:

- Potential Price Surge: Some analysts predict SHIB could surge 8,300% to $0.001, but this would require significant market momentum and a substantial increase in investor confidence.

-Long-term Projections: Some predictions suggest SHIB might reach $0.001 around 2035-2039, but this is highly speculative and subject to market fluctuations .#PowellRemarks #FOMCMeeting $SHIB #SHİB #SHIB