$SHIB is not ready for the fall the on-chain data suggests as most indicators are flashing green
is still being actively purchased by large addresses despite the most recent price reversal. The attractiveness of the asset is still ensured by its volatility, which quite often becomes a source for rallies like we saw previously.
Unfortunately, two consecutive breakouts is not common, and investors' desire to catch another knife like that could lead to heavy losses, especially in the case of Shiba Inu, which remains one of the most popular meme tokens on the addresses of whales who do not have any problems offloading their bags at a good price.
At press time, Shiba Inu is changing hands at $0.000011 and has clearly entered consolidation at the local resistance level. Unfortunately, it is as yet unclear what it will bring to us.
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