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Title: Will Shiba Inu Add Zero? 8,470,000,000,000 SHIB Stand Guard
As the cryptocurrency market continues to navigate uncertain waters, one meme coin in particular has caught our attention – Shiba Inu (SHIB). With a staggering 8,470,000,000,000 SHIB tokens currently held in a crucial support zone between $0.000011 and $0.000012, the question on everyone’s mind is whether or not it will add zero.
At press time, the coin has already seen an impressive 1.16% rise over the past 24 hours, with its current price standing at $0.00001138. This development, if sustained, could pave the way for a rebound, particularly if market sentiment takes a positive turn.
However, should SHIB fall below this support zone, it’s possible that we may see another zero added to its price, which would result in a significant drop towards $0.000008.
Notably, the data from IntoTheBlock reveals a 40% increase in addresses with 10 trillion to 100 trillion SHIB, indicating a surge in Shiba Inu mega holders. These large-scale holders typically belong to institutional players, exchanges, early adopters, or major crypto funds that accumulate ahead of anticipated market movements or key developments.
In light of this information, the crypto community is eagerly awaiting signs of a sustained rebound from the current price range. Should bulls successfully defend the $0.000011-$0.000012 zone and prevent further decline, we could see a rise towards $0.000013 and $0.000016.
For now, all eyes are fixed on SHIB’s ability to maintain its current levels, with technical traders waiting for signs of a sustained rebound as they hope the bulls will defend this crucial support zone and prevent a further descent.
Source: u.today
