Shiba Inu experienced a significant dump from a strong resistance level, leading to a 10% price drop. The resistance level featured a large number of addresses holding SHIB, making it difficult for the asset to surpass. Analysis suggests that if the downtrend continues, the next major support area for Shiba Inu is at $0.000022, where a significant number of addresses hold a substantial amount of the token. Currently trading at $0.00002687, Shiba Inu is still quite far from the primary support area. On-chain analysis indicates bearish sentiment, with large transactions decreasing, negative net network growth, and a decrease in accumulation among whales. However, 64% of Shiba Inu holders are still in profit, while 36% are either at break-even or experiencing losses.



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