CandleFocus 73.96 Trillion Shiba Inu Confronts Giant Sell Wall, Here's Price Level to Watch
2024-12-23
Author: Content Editor
Shiba Inu (SHIB) price is struggling to maintain an uptrend as Bitcoin remains below $100,000. The price of SHIB is currently at $0.00002172, down 1.39% in the past 24 hours. Trading volume has decreased by 21.39% and burn rate has increased by 404% overnight. SHIB faces a major sell wall at $0.000027, which could hinder its growth. If Bitcoin attempts to reach a new all-time high, it could trigger a bullish run for SHIB. Whales have played a significant role in sustaining SHIB's growth momentum. The low price of SHIB creates a positive long-term trade setup, and if holders at the $0.000027 level do not sell, the price might reach $0.00003 in the short term.
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