470 trillion SHIB support level comes into view as Shiba Inu price dips
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The declines have brought SHIB close to critical support, where 470 trillion SHIB are being held by a substantial number of SHIB addresses.data, next to the SHIB current trading range, 470.78 trillion SHIB were bought in the range of $0.000014 to $0.000019 by 85,110 addresses at an average price of $0.000016. Strong support is envisaged at this range as a significant number of investors believe in the token's value at these prices, potentially resulting in reduced selling pressure.
At the time of writing, SHIB was down 4.31% in the last 24 hours to $0.00002365, echoing the broader market sell-off that brought BTC to a one-week low of $61,928., a Shiba Inu team member, launching ShibaSwap on the Shiba Inu home chain is only the beginning of a long journey. ShibaSwap is going multi-chain, operating on both Shibarium and Ethereum, with ShibaSwap 1.75 on Shibarium being teased.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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