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16 Trillion SHIB at Risk: Shiba Inu Struggles to Find Support Below Key Level

Author: Content Editor
The article discusses the current trading situation of the cryptocurrency Shiba Inu (SHIB). It notes that the next support range for SHIB is between $0.000019 and $0.00002, but this support base is relatively small compared to larger clusters higher up. The article suggests that if selling pressure increases, there may not be enough buying pressure to sustain the current price levels. SHIB is currently trading at $0.0000217 and has been oscillating within a range since rebounding from lows of $0.0000185. The market is waiting for stronger momentum to either break higher or test lower levels of support. On the upside, SHIB would need to surpass $0.0000223 to sustain the current rebound and faces stronger resistance at $0.000024.

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