Shiba Inu Drops Below $0.000005 Following Failed Breakout, $176,000 in Long Liquidations
Shiba Inu has declined below the $0.000005 mark after encountering resistance at the 50-day moving average. Approximately $176,000 worth of long positions in $SHIB were liquidated within a 24-hour period. Additionally, exchange reserves have increased, heightening the risk of further selling pressure. The unsuccessful breakout has shifted short-term control to sellers.
Shiba Inu has declined below the $0.000005 mark after encountering resistance at the 50-day moving average. Approximately $176,000 worth of long positions in $SHIB were liquidated within a 24-hour period. Additionally, exchange reserves have increased, heightening the risk of further selling pressure. The unsuccessful breakout has shifted short-term control to sellers.
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