33 Trillion Shiba Inu (SHIB) Support Losing Steam: What's Happening?

UToday

2024-11-22 12:31:58

Shiba Inu’s daily chart has been consolidating in a triangle pattern, suggesting a possible breakout in the near future. On-chain data does, however, point to a worrying pattern. There are indications that the asset is waning from its critical support in the $0.000022-$0.000023 range, which is held by roughly 33 trillion SHIB held by 45.78% of in-the-money addresses.

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