Our previous post followed up on the death cross in the hourly chart for $SHIB during the intense sell-off on Friday, which saw heavy losses for major altcoins and liquidations surpassing a billion dollars. Since then, the price of Shiba Inu has mostly stabilized, with the market awaiting the next move.
At the time of writing this report, Shiba Inu was trading down by 1.37% over the past 24 hours at $0.000012, and down 4.79% weekly.
As Shiba Inu faces downward pressure, the $0.000012 level, where 23.21 trillion Shiba tokens were previously bought, appears to be a potential defense line for bullish investors. If this level is lost, Shiba Inu may test the next support range, where 233,080 addresses hold 45.93 trillion Shiba tokens at an average price of $0.00001.
On the other hand, immediate resistance is at the $0.000013 level, which is the average cost basis for 39.36 trillion $SHIB . #MarketRebound #YE_SANAA #الأخبار_الاقتصاديه 🇾🇪🇾🇪🇾🇪🇾🇪🇾🇪
