Shiba Inu (SHIB), a popular meme coin, recently saw a significant transfer of 1.239 trillion SHIB tokens worth $20.136 million from the Kraken exchange. There is the possibility of SHIB soaring by 30% if it holds a support level at $0.000020, but the current economic tensions make this level uncertain. However, this level is seen as a good buying opportunity as SHIB is currently in a downtrend below the 200 EMA. Traders are over-leveraged at certain levels, and if the price falls below $0.0000155, about $350k worth of long positions will be liquidated. On the other hand, if the price rises to $0.0000165, around $625k worth of short positions will be liquidated. The market sentiment suggests that traders holding short positions are dominating the asset. Currently, SHIB is trading near $0.0000158 with a 2.80% price surge in the past 24 hours, but trading volume has dropped by 25% indicating lower participation from traders and investors.



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