Shiba Inu’s SHIB token has established a robust support level at $0.00001, backed by the ownership of approximately 397,000 addresses holding 2.44 trillion SHIB tokens.
With resilience demonstrated against bearish pressure and a potential recovery underway, SHIB’s short-term bullish sentiment hinges on surpassing the 50-day EMA at $0.00002781.
Shiba Inu has established a significant support level at $0.00001, with a range spanning from $0.000008 to $0.000014. Data from the blockchain analytics platform IntoTheBlock indicates that approximately 397,000 Shiba Inu addresses collectively hold around 2.44 trillion SHIB tokens, acquired at an average price of $0.00001.
This support level, spanning a range from $0.000008 to $0.000014, signifies considerable buying activity and suggests the potential for market stability within this price range. It acts as a protective barrier against sharp declines in the price of SHIB, serving as a support zone for market corrections.
The price of SHIB
