🚀 SHIB DROPS 7.4% IN THE WEEK BUT ORGANIZATIONS STILL ACCUMULATE - MARKET SENTIMENT CAUTIOUSLY OPTIMISTIC
🟢SHIB dropped from $0.00001375 → $0.00001274 in the past week (-7.4%), facing strong selling pressure in early May.
🟢However, 109 new SHIB millionaire wallets emerged in April, bringing the total to 860 wallets holding ≥1 million USD.
🟢The open interest in SHIB futures doubled in April (from $97M → $190M), reflecting long-term confidence.
🟢Prices quickly recovered from the support level of $0.0000126, creating a higher low pattern – a potential sign for further increases if it holds above $0.00001274.
🟢Shibarium Layer-2 continues to develop, reinforcing long-term prospects.
➡️ Despite the price drop, organizations are still "accumulating" – the market is betting on SHIB's future.
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➡️ Update on crypto market information at: Cashback.Exchange