Shiba Inu (SHIB) Indicator Squeezes Price, No Breathing Room 🔥🔥

Current situation and prospects

Shiba Inu (SHIB), which was one of the top ten cryptocurrencies by market capitalization just a few months ago, has now fallen below double digits. The current price is $0.000018.

SHIB's market capitalization fell to $10.64 billion from $18 billion in March, a decrease of about $8 billion. Network activity also dropped, with significant decreases in active addresses, new addresses, and zero-balance addresses.

SHIB’s funding rate is -0.008%, indicating that traders are generally bearish and struggling to rebound. The price fell by 28.50% in 14 days.

6,720 addresses purchased 413.41 trillion SHIB at $0.000018, providing support, while 13,940 addresses purchased 1.12 trillion SHIB at the same price, providing resistance. Prices may move sideways in the short term. If the support fails, the price could drop to $0.000016.

If funding rates improve or large purchases (such as the $6.6 million SHIB purchased by whales on June 20) increase, the price could rebound to $0.000020. This is also the area where the 0.382 Fibonacci level lies.

The market is in shock, pay attention to the risks, Mi Ma shares it every day

Look carefully, go up🚗笳\/👇👇👇

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