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SHIB Price Tests Key Support Levels Amid Renewed Selling Pressure

Guavy AI Editorial Team
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SHIB
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Shiba Inu's price has been testing support levels near $0.000005 as it faces renewed selling pressure.

Data from exchanges shows that a net 461.4 billion SHIB left exchange-held balances during the measured period, with withdrawals exceeding deposits by approximately 232.4 billion SHIB.

This significant outflow can indicate that holders are moving tokens to private wallets rather than positioning them for immediate sale.

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