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SHIB Price Hinges on $0.00000515 Support as 125B Tokens Move to New Wallet

Guavy AI Editorial Team
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SHIB
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Shiba Inu (SHIB) is currently trading near its $0.00000515 support level, which serves as a crucial technical decision point for the token's price movement. A transfer of 125.33 billion SHIB tokens from BitGo to a newly created wallet has added a fresh catalyst to the current setup.

If SHIB can successfully defend this support level with active purchases, it may continue its ongoing recovery formation and potentially reach $0.00000583 and the $0.00000670 fair value gap (FVG).

A breakdown below the $0.00000492 level would expose the next support at $0.00000455, while a clear break below $0.00000409 would indicate the bullish recovery is failing.

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