Shiba Inu (SHIB) Eyes 'Zero Deletion' Scenario as Bulls Defend Key $3 Billion Support

Shiba Inu (SHIB) is trying to restart growth that should erase yet another zero from the coin's price and lift its market capitalization to $7 billion. After a powerful surge in the third quarter (+39.3%), the token went into a correction. Its market capitalization is now holding at $3.05 billion, while the price has frozen around $0.00000516. The investors' plan to remove the zero has been put on pause, and now everything depends on one specific line on the chart. For the zero-erasing scenario to come back to life, buyers need one clear signal: closing the current week above the 23-week moving average (the green line). The price has now fallen below this level.

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