Shiba Inu traded 1.34 billion SHIB in fresh volume over the past 24 hours, following the wipeout of more than $1 billion in leveraged positions across the market. The price fell from $0.00000580 to $0.00000534 in two days, hitting a low of $0.00000510 on Thursday before rebounding. SHIB currently trades at $0.00000534, right on its orange moving average at $0.00000529, while the RSI sits around 44, signaling lingering weakness. A daily close above $0.00000549 would be the first bullish signal, with buyers then targeting $0.00000565, $0.00000580 and ultimately $0.00000600. Conversely, a close below $0.00000529 would invalidate the bounce, with the next support at $0.00000510 and then $0.00000500.
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