The number of Shiba Inus has increased from 1 billion to 130 trillion SHIB: Major support expected in the future

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Shiba Inu faces a critical support level

Shiba Inu is about to face a critical support level at 130 trillion SHIB, which will determine its recent trend. Market indicators show a cautious overall outlook, failing to maintain above $0.00002800, indicating weakening momentum.

Potential further decline

SHIB is at risk of breaking below the 26 EMA support, and if the price closes below the current support level, it may drop to $0.00002249 and $0.00002031. Bulls need to protect these support areas.

Decreased trading volume exacerbates difficulties

Trading volume has significantly decreased, with reduced interest from buyers and sellers. The decrease in participation makes SHIB face more difficulties, reducing the likelihood of a recovery in the short term.

Possible relief bounce

If buyers return and hold the 130 trillion SHIB support level, SHIB may experience a relief bounce, with $0.00003000 as the upside resistance level.

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