Shiba Inu (SHIB) price has been on a downtrend since late August, recording lower lows as the bears took the driver’s seat. However, with the advent o
, with Santiment data showing a positive change in the volume of SHIB, active addresses, and social volume, over the last 24 hours, as shown in the chart below.Over the last 24 hours, the aforementioned metrics have changed direction towards the positive side.
Such a move could see Shiba Inu price dip the demand zone at around $0.00000691, an area often populated by bulls. Aggressive buying from this level could see SHIB pull back, but if it fails to hold as a support level, the meme coin could break below it at $0.00000654 to collect sell-side liquidity from the June 10 overflows.The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued.
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