👉👉👉 #Shibalnu 's Price Stability at Risk as 142 Trillion Unburned Tokens Weigh on Support
Shiba Inu ($SHIB ) faces a critical test as its price hovers around $0.000018, with 142 trillion unburned tokens posing a potential risk to price stability. Despite a modest 0.01% gain, bearish sentiment dominates the derivatives market, with trading volume down 9.09% and open interest decreasing 1.65%. The long/short ratio reflects more short positions, and $1.02 million in liquidations occurred, mainly from long positions.
Key technical indicators show mixed signals: SHIB holds support at $0.0000181, but the RSI is neutral at 55.15, and the #MACD shows fading bullish momentum. If SHIB closes consistently below support levels, further downside is possible, especially with the large unburned supply pressuring the price.
Despite this, SHIB’s market cap remains at $10.82 billion, with 53% of holders in profit, and 79% holding for over a year. Large holders control 73% of the supply, adding volatility risk. SHIB saw $306 million in large transactions last week, but community engagement is dipping slightly.
Price forecasts suggest SHIB could reach $0.0000187 by December 2024, averaging around $0.0000170, with a range of $0.0000151 to $0.0000216 in 2025. However, the unburned supply remains a key factor impacting future price movements.
