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Shiba Inu Price Stumbles as Key Support Level Under Pressure

Guavy AI Editorial Team
Instruments
SHIB
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Shiba Inu's August rally has given back much of its momentum as the token struggles to hold above $0.000005, a crucial level for technical and psychological support.

The price test is occurring while on-chain flows point to increased immediately available supply, with exchange inflows adding pressure at this key level.

SHIB's 100-day exponential moving average sits close to $0.000005, creating a convergence between psychological and technical support.

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