Only 1.45 Billion Shiba Inu (SHIB) Burned in 24 Hours Hints at Reversal

Shiba Inu is trading near $0.00000541. It fell hard in early October from its late-September high near $0.00000626. The selling may be slowing, though. Exchange data suggests more SHIB is leaving exchanges than entering , which often means holders are not rushing to sell. SHIB sits below the long-term average near $0.00000560, and that line is the main trend test. Price has been rejected in the $0.00000550 to $0.00000560 area several times. Support is at $0.00000530. Price held there on the latest candle. A deeper wick reached $0.00000510 on October 6, and this is the next floor.

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