Shiba Inu lost 11% of its value in 24 hours as traders took profits following one of the strongest rallies among large-cap memecoins. The corrective move brought the price back towards a technical imbalance zone between $0.0000042 and $0.00000485, with the midpoint at $0.00000456 potentially acting as the next target. SHIB token burn activity dropped sharply, removing a supply-side factor that had supported the previous bull run. Additionally, over $2.1 million worth of long positions were liquidated across derivatives markets, signaling that leveraged positions were exiting. If bulls manage to defend the imbalance zone, SHIB could stabilize and extend its prevailing bullish trend.
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