🤔SHIB Price Forecast: What To Do As WazirX Exploiter Sells 35B Shiba Inu

🚨 Market Update: Shiba Inu (SHIB) is facing resistance after a hack on India’s WazirX exchange, with over 5 trillion SHIB stolen. Price dropped to $0.00001782, down 7% in 24 hours. Market cap is around $10.5 billion, and trading volume fell 4% to $488 million.

📉 Price Forecast: Despite recent corrections, SHIB posted a 6% gain last week, trading between $0.00001772 and $0.00001941. Broad market corrections have affected many cryptocurrencies.

🔥 Token Burns: Shibburn reports that 410 trillion SHIB tokens have been burned, affecting token scarcity. The exploiter sold 35 billion SHIB and still holds 5.4 trillion SHIB, raising concerns.

📈 Price Predictions: SHIB faces a hurdle at $0.000018.

Breaking this could push the price to $0.00002 or even $0.00003. However, bearish trends could lower it to $0.000017 or $0.000016. The MACD shows a slight bearish signal, and the RSI is at 39, indicating mixed signals.