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SHIB is especially vulnerable to large-scale transactions because of these centralized holdings, which means that any abrupt movement by whales could significantly alter market dynamics. In the days ahead, the support level at $0.00002079 is probably the most important threshold to watch. A prolonged defense of this area combined with ongoing inflows could pave the way for a comeback.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.