CandleFocus Whale Alert: 1.3 Trillion Shiba Inu Moved to Exchanges in One Day, Price Reacts
2024-10-08
Author: Content Editor
The price of Shiba Inu (SHIB) has declined due to a significant sell-off, as a large volume of tokens has been transferred to centralized exchanges in the past 24 hours. This selling activity has increased the selling pressure on SHIB and put downward pressure on its price. Currently, SHIB is trading at $0.00001755, marking a negative trend over the past week. The key resistance level for SHIB is at $0.00001800, and if it breaks above this level, it could signal the potential for a larger market rally. However, SHIB has critical support at $0.00001500, and maintaining this support will be crucial for preserving its recent uptrend.
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