SHIBUSDT price is currently trading at $0.00001353, down 11.5% over the past 24 hours. The altcoin is holding above the support level of $0.00001368. The large holders' netflow for
SHIBUSDT has recently spiked, reaching a two-month high. In the last 24 hours, 4.66 trillion SHIB were accumulated by addresses holding at least 0.1% of the circulating supply. These whales, who have collectively invested $63.7 million, are betting on a price rebound.A successful bounce off $0.00001317 would likely pave the way for further price appreciation, potentially pushing
SHIBUSDT to $0.00001553. Securing this level as support could mark a recovery of today’s losses and initiate a new uptrend, provided the broader market conditions remain favorable.On the other hand, if
SHIBUSDT falls below the support of $0.00001317 due to profit-taking, the meme coin could slip to $0.00001188. This would invalidate the bullish thesis and further reduce investor confidence. The next few days will be crucial in determining if SHIB can maintain its current support levels.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.