𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙁𝙖𝙘𝙚𝙨 𝘾𝙧𝙞𝙩𝙞𝙘𝙖𝙡 𝙈𝙤𝙢𝙚𝙣𝙩 𝙖𝙨 65 𝙏𝙧𝙞𝙡𝙡𝙞𝙤𝙣 𝙎𝙃𝙄𝘽 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 𝙇𝙚𝙫𝙚𝙡 𝙞𝙨 𝙏𝙚𝙨𝙩𝙚𝙙

Shiba Inu (SHIB) has experienced a significant 4% price drop in the last 24 hours, placing the 65 trillion SHIB support level at risk. This decline aligns with a broader cryptocurrency market downturn following key U.S. inflation data. The core PCE price index for April was reported at 2.8% year-over-year, in line with predictions but showing the lowest monthly increase since December 2023.

Currently, SHIB is trading at $0.0000255, down 3.46%. Data from Into TheBlock indicates that 65.53 trillion SHIB were purchased by 62,110 addresses within the $0.000025 to $0.000027 range. The recent dip puts this range under scrutiny, as maintaining above this level could trigger a bullish trend. Conversely, a continued decline below $0.000025 might lead to a deeper correction, potentially down to $0.000019. The next major support lies between $0.000019 and $0.000025, where 59 trillion SHIB were acquired by 111,420 addresses. Surpassing the 65 trillion SHIB level could push SHIB to challenge the $0.000027 to $0.000030 range.

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