#PowellRemarks 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.