Shiba Inu Support Reaches Critical Level: $0.000012 Holds Over 21 Trillion SHIB

Shiba Inu has reached a critical support level at the $0.000012 mark, bolstered by on-chain data showing over 26,000 wallet addresses holding a staggering 21 trillion SHIB volume at this price point. This level may serve as the foundation for future price movements if market sentiment shifts favorably. However, technical analysis reveals that SHIB continues to face pressure from its downward sloping 26 and 50 EMAs, which act as dynamic resistance levels.