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With the drop beneath the daily SMA 50, the recent dip in price has caught the attention of investors and traders alike, as they closely monitor SHIB's performance for signs of recovery or further decline.As SHIB navigates through this critical phase, the next significant resistance level is anticipated to be in the range of $0.000025 to $0.00003.
An intriguing aspect of this resistance level is the substantial amount of SHIB that was previously acquired within this range.92.2 trillion SHIB were bought by 124,220 addresses in the range between $0.000025 to $0.00003 at an average price of $0.000028. Given the enormous SHIB held in this range, Shiba Inu could find a launchpad here, breaking through the resistance and climbing higher. For this to occur, Shiba Inu has to forestall further declines by sustaining a key range, where 26 trillion SHIB are being held.were bought by 62,080 addresses in Shiba Inu's current trading range between $0.000023 and $0.000025. Technically, SHIB must return above and decisively break past the daily SMA 50 at $0.
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