Shiba Inu (SHIB) is walking a tightrope right now. The meme coin is stuck in a tight range between $0.000011 and $0.000012, and what happens next could make or break its short-term future. At press time, SHIB was trading at $0.00001138, up 1.16% in the last 24 hours.
Here's the thing - this isn't just any random price level. According to IntoTheBlock data, a massive 8.47 trillion SHIB tokens are sitting right in this price range. That's a lot of firepower defending against a potential crash. But if SHIB can't hold here, things could get ugly fast.
Shiba Inu (SHIB) Make-or-Break Moment
The current support zone is basically SHIB's last stand before a potentially nasty drop. If the token breaks below $0.000011, it's looking at a fall toward $0.000008 - and that would mean adding another zero to its price. Nobody in the SHIB community wants to see that happen.
What makes this even more interesting is that there's an even bigger pile of tokens waiting below. Around 39.32 trillion SHIB were accumulated in the $0.000008 to $0.000011 range. So if SHIB does fall, at least there's some heavy support waiting to catch it.
Technical traders are basically holding their breath right now. If SHIB can bounce from here, the next targets are $0.000013 and $0.000016. But if it breaks down, well, that's when things get messy.
SHIB Whales Are Loading Up
Despite all the price drama, something interesting is happening behind the scenes. The number of mega-whale addresses (holding 10-100 trillion SHIB) just jumped by 40%. That's huge.
This surge in whale activity usually means one thing - big players think something good is coming. These aren't your average retail investors we're talking about. We're looking at institutional players, exchanges, and crypto funds that typically know what they're doing.
The fact that they're buying more SHIB right now, while everyone else is worried about adding zeros, suggests they might know something the rest of us don't.
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Will Shiba Inu (SHIB) Add Another Zero? 8.47 Trillion Tokens at Risk
Shiba Inu (SHIB) is walking a tightrope right now. The meme coin is stuck in a tight range between $0.000011 and $0.000012, and what happens next could make or break its short-term future. At press time, SHIB was trading at $0.00001138, up 1.16% in the last 24 hours.
Here's the thing - this isn't just any random price level. According to IntoTheBlock data, a massive 8.47 trillion SHIB tokens are sitting right in this price range. That's a lot of firepower defending against a potential crash. But if SHIB can't hold here, things could get ugly fast.
Shiba Inu (SHIB) Make-or-Break Moment
The current support zone is basically SHIB's last stand before a potentially nasty drop. If the token breaks below $0.000011, it's looking at a fall toward $0.000008 - and that would mean adding another zero to its price. Nobody in the SHIB community wants to see that happen.
What makes this even more interesting is that there's an even bigger pile of tokens waiting below. Around 39.32 trillion SHIB were accumulated in the $0.000008 to $0.000011 range. So if SHIB does fall, at least there's some heavy support waiting to catch it.
Technical traders are basically holding their breath right now. If SHIB can bounce from here, the next targets are $0.000013 and $0.000016. But if it breaks down, well, that's when things get messy.
SHIB Whales Are Loading Up
Despite all the price drama, something interesting is happening behind the scenes. The number of mega-whale addresses (holding 10-100 trillion SHIB) just jumped by 40%. That's huge.
This surge in whale activity usually means one thing - big players think something good is coming. These aren't your average retail investors we're talking about. We're looking at institutional players, exchanges, and crypto funds that typically know what they're doing.
The fact that they're buying more SHIB right now, while everyone else is worried about adding zeros, suggests they might know something the rest of us don't.