Markets· ★★· neutral·

Only 1.45 Billion Shiba Inu Burned in 24 Hours Hints at Reversal

  • —Net exchange outflow over 24 hours reached 27.3 billion SHIB
  • —Exchange reserves fell 1.5% in a day to about $471.5 million
  • —SHIB trades near $0.00000541 with support at $0.00000530
  • —The 7-day average inflow rose about 13% in the last day
Why it matters: A close above $0.00000560 on strong volume would confirm a reversal toward $0.00000600, while a break below $0.00000510 would invalidate it.
#SHIB
Source: U.Today
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