‘Only’ 20 Billion Shiba Inu (SHIB) Burned in 24 Hours: Main Implications for the Market

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Shiba Inu is showing an unusual combination of improving price action and relatively restrained exchange activity. The net exchange balance over 24 hours stands at approximately 20 billion SHIB, with total inflows of 623.3 billion and outflows of 449.8 billion. Exchange reserves sit at 87.83 trillion SHIB, up only 0.2% over the period. The token trades around $0.00000592, above the long-term moving average between $0.0000056 and $0.0000057, a level that previously acted as resistance. The daily RSI is in the low-60 region, indicating constructive momentum without overbought conditions, with immediate resistance between $0.0000060 and $0.0000063.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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