Shiba Inu Plummets 11% as Traders Take Profits

Shiba Inu (SHIB) price plummeted by nearly 11% in the past 24 hours, as traders took profits following a strong rally. This correction brought SHIB's price back towards an unfilled technical gap between $0.0000042 and $0.00000485.

This zone could attract buyers if defended, but token burn activity dropped sharply, reducing supply-side support. Over $2.1 million in leveraged long positions were liquidated, indicating some traders exited the market.