#SHİBA Inu price dropped 6% as market fell
The current market scenario suggests the 25.74 trillion SHIB held in the $0.000014 and $0.000015 range might be "stuck," as the 34,170 SHIB addresses holding might be underwater or at break-even, awaiting market trends to decide their next moves. Given the current profit-taking in the market, some of these addresses might decide to sell to break even on their positions. On the flip side, this consolidation zone could also act as a support level if holders in this range choose not to sell at the moment while anticipating a price recovery. As SHIB clings to the lower edge of the $0.000014 to $0.000015 range, all eyes are on whether it can rebound or break. For now, the dog-themed coin is caught in limbo, along with trillions of tokens.
450% Surge in Shiba Inu (SHIB) Whales: This Might Be Too Bullish
Shiba Inu has steadily declined from the start of the week, with a price spike to highs of $0.00001764 cut short on May 12 due to a drop in the broader cryptocurrency market. Since May 11, SHIB has marked five out of six days in losses as investors sold on rallies.
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