The exchangeโs
$SHIB reserves just surged back above 8.8 trillion, yet the coin price is still up 1.41%?
The market looks pretty good right now, but the sell pressure is real and has returned. The whole networkโs hype has already moved on to newer tickers like QNT and PUMP. This
$SHIB move is only being propped up by old retail โbagholdersโ; the volume simply canโt absorb the trapped supply overhead.
The most likely way this call is wrong is that the reserve rebound is a large holder temporarily rebalancing, not actually planning to unload. Next, keep an eye on the exchangeโs
$SHIB reserve amount. If itโs still rising for another 2 hours straight, then the ones with heavy positions should cut half firstโdonโt just stubbornly hold.
If you want to play it safer, you can join Binanceโs October PUMP trading competition or bStocksโ new-track wealth management event. You can win rewards while also locking in gains.
How long do you think this sell pressure can hold? If you think it gets dumped within 1 day, deduct 1; if you think it can withstand for 3 days, deduct 2.
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