Shiba Inu's (SHIB) Rebound Rally: Key Price Levels That Matter
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Shiba Inu is experiencing a challenging period with low trading volumes, currently trading at $0.00001235. The cryptocurrency faces a significant resistance zone between $0.00001400 and $0.00001900, which contains 94% of its total circulation across 168.03K wallet addresses. Despite a recent 10% rally, SHIB has lost momentum and is showing weak on-chain signals.
April 02, 2025 | 2:45 pm
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NEGATIVE IMPACT
The cryptocurrency is trading below key resistance levels with low trading volume, suggesting potential continued price pressure in the short term.
Low trading volume, weak on-chain signals, and significant resistance zone suggest potential downward price movement for SHIB in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100