CandleFocus

33.7 Trillion Shiba Inu (SHIB) Incoming in Next 24 Hours

Author: Content Editor
The on-chain data suggests a possible influx of 33.7 trillion SHIB in the next 24 hours, indicating that Shiba Inu is preparing for increased volatility. The price chart shows resistance at $0.000031, and the token has dropped 1.7% in the last day. Important support levels are $0.000027 and $0.000025. Whale movements could indicate accumulation or sell-offs, and the RSI indicator suggests both upward and downward movement are possible. While the volume of transactions and community involvement for Shiba Inu remain strong, SHIB holders may be reluctant to increase their holdings until there is clearer upward momentum. The incoming supply of SHIB could cause temporary price drops due to dilution worries, but it could also be seen as a bullish indication if whales use the influx to build up their holdings.

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