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Shiba Inu (SHIB) Whales Selling Rapidly: Details
As the cryptocurrency market continues to face significant pressure, Shiba Inu (SHIB) whales have been rapidly selling their assets. This development has led to a substantial correction in the price of SHIB, with the asset plummeting by over 50% in recent weeks.
The breakdown of this crucial bearish pattern highlights the absence of bullish momentum to support higher levels and points to increased selling pressure. With its potential in DeFi and meme culture, Shiba Inu continues to attract a robust community and speculative interest despite the pessimistic short-term outlook.
SHIB is currently trading at approximately $0.00002408, with the next important support levels close to $0.00002283 and $0.00002045. A more significant correction might occur if these levels are not maintained.
With its focus on new and seasoned investors, SHIB continues to face challenges in finding a steady support level despite attracting a robust community and speculative interest.
Source: u.today
