40 trillion Shiba Inu (SHIB) support is ready: What’s next?

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Despite the overall market slowdown, Shiba Inu (SHIB) has not gained widespread attention, but the current price is approaching an important support area, which may bring a recovery opportunity. According to the IOMAP indicator, SHIB may find strong support around $0.000022, which is crucial for future trends.

Key support level: $0.000022

According to IOMAP data, approximately 23,170 addresses have accumulated a significant amount of SHIB around $0.000022, making this price range a strong support layer. If SHIB continues to decline and approaches this level, it may trigger a rebound, providing bulls with a bounce opportunity. Historical data shows that such support areas often provide the stability needed for assets, thereby driving price recovery.

Current price and support level relationship

The current price of SHIB is $0.00002236, slightly above the key support level indicated by IOMAP. Meanwhile, the 100 EMA (Exponential Moving Average) is also providing support for the price, indicating that SHIB may be consolidating on the daily chart.

Short-term resistance and trading volume

However, for SHIB to recover, it must first break through the resistance level of $0.000025. The current trading volume is low, which may limit the price's ability to break through this key level, which may also indicate a weakening bearish momentum. The dynamic balance of the market, especially the battle between sellers defending the $0.000025 resistance level and buyers entering at the $0.000022 support level, will determine SHIB's next move.

Investor entry points and risks

If the price of SHIB continues to decline, the support level at $0.000022 may become an entry point for investors. Given that this price area has a large trading volume, SHIB is unlikely to easily fall below this support. However, if the price breaks below $0.000022, it may lead to SHIB testing the key support level at $0.000020, thereby opening up further downside potential.

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