In the test of SHIB key position, the shib destruction rate surged 489% in the past 24 hours

SHIB is currently at a critical juncture after the recent decline. In the range of 0.000020 to 0.000023, 44.7K addresses purchased 46.11 trillion SHIB at an average price of $0.000022.

This is not just a price range; it is a touchstone for testing the resilience of the token. Whether SHIB breaks through or remains stable, the results will clearly hint at the market's expectations for meme-themed tokens.

As SHIB approaches the lower limit of the range, the market holds its breath to see if it can maintain this price. If it falls further, SHIB's support in the 0.000019 to 0.000020 area is relatively critical, where 5.42K addresses purchased 3.77 trillion SHIB.

If volume returns, SHIB will face the next hurdle between 0.000024 and 0.000025, with 41,600 addresses holding 37.84 trillion SHIB.