The recent decline in the price of Shiba Inu (SHIB) suggests a change in market sentiment, with the cryptocurrency trading below key support levels. On-chain metrics show large holders of SHIB are selling off their holdings, which is raising concerns about market confidence. Smaller investors have shown some interest but may not be able to offset the sell-offs by larger players. Resistance levels at $0.00002500 and $0.00003000 and support at $0.00002000 are important for SHIB's future price movements. If the support level is not maintained, further declines are possible. Rekindled interest from larger holders and wider use cases will be crucial for SHIB's recovery. The current technical indicators suggest consolidation or further declines unless strong buying pressure emerges.



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