#Shibalnu #SHIB
Price: $0.00000432, down 2.5% today, 8.8% over 7 days, and 35% since the start of the year.
SHIB is now sitting at major support: $0.00000426–$0.00000432. This is the July low; if it breaks below it, the price could fall to $0.00000379.
The big problem: Shibarium is processing just 691 transactions a day, meaning the network is practically at a standstill. Whales have also moved 42 billion SHIB back to exchanges, suggesting they want to sell.
But there’s one positive sign: 114 billion SHIB left exchanges in 24 hours, and the number of holders reached 1.69 million wallets.
Bottom line:
SHIB is still alive only thanks to its community, not its utility. If it holds above 0.00000426*, it could return to *0.00000474 - 0.00000500.
If it breaks below that level, it will continue falling toward its annual low of 0.00000407.
It’s the weakest meme coin this year: PEPE is down just 7%, while SHIB is down 35%.$SHIB
