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Shiba Inu

<div class="key-points-section"><strong>Key Points:</strong>
 <ul>
  <li>Shiba Inu consolidates near key support post 9% drop.</li>
  <li>Institutional inactivity following price correction.</li>
  <li>Whale activity signals support might hold.</li>
 </ul>
</div> 
<p>Shiba Inu faces volatility as its price falls by 9% to $0.000011, testing the resilience of buyers amidst quiet institutional activity and muted on-chain signals.</p>  
<p>Market observers watch closely to determine if $0.000011 remains a sustainable support, hinting at potential impacts on correlated meme tokens and investor sentiment.</p> 
<section>
 <h2 id="shiba-inu-price-consolidation">Shiba Inu Price Consolidation</h2>
 <p>The <strong>cryptocurrency Shiba Inu (SHIB)</strong> is currently stabilizing near the $0.000011 support level following a recent 9% drop in price. <a href="https://twitter.com/realcoincentral" rel="noopener noreferrer nofollow">Market participants</a> are keenly observing whether this level will hold firm.</p>
 <blockquote class="twitter-tweet"><a href="https://twitter.com/realcoincentral" rel="noopener noreferrer nofollow"></a>
 </blockquote>
 <p><strong>Key figures</strong>, including lead developer Shytoshi Kusama, have yet to make specific public comments. The <strong>SHIB leadership</strong> remains focused on long-term project goals like Shibarium scaling, rather than immediate market reactions.</p>
 <blockquote><strong>Shytoshi Kusama, Lead Developer, Shiba Inu</strong>, "Keep your vision long-term and focus on continued growth—market prices fluctuate, but our mission does not change.” <a href="https://medium.com/@shytoshikusama" rel="noopener noreferrer nofollow">official Medium</a>
 </blockquote>
</section>
<section>
 <h2 id="institutional-and-whale-activity">Institutional and Whale Activity</h2>
 <p>The <strong>price drop</strong> has not seen any significant reactions from major financial institutions. On-chain data indicates <a href="https://twitter.com/Coinbase" rel="noopener noreferrer nofollow">cautious whale activity</a>, with some seeing potential support at the current price level.</p>
 <blockquote class="twitter-tweet"><a href="https://twitter.com/coinbase" rel="noopener noreferrer nofollow"></a>
 </blockquote>
 <p>No direct institutional action has been reported, leaving <strong>SHIB's market</strong> largely affected by retail and whale behavior. The absence of significant <strong>new listings or capital</strong> inflows suggests volatility could persist.</p>
</section>
<section>
 <h2 id="market-sentiment-and-future-predictions">Market Sentiment and Future Predictions</h2>
 <p>Analysts note that SHIB's situation is not isolated, potentially affecting sentiment around <strong>meme tokens</strong>. However, its impact on <strong>larger cryptocurrencies</strong> like Bitcoin and Ethereum remains limited due to insufficient evidence of correlation.</p>
 <p>Historically, SHIB has experienced <strong>price fluctuations</strong> in September, with some years showing rebounds. Current <a href="https://www.binance.com/en-IN/square/post/29133808840417" rel="noopener noreferrer nofollow">whale accumulations</a> suggest faith in $0.000011 as a sturdy base. Maintaining this <strong>support level</strong> could depend on long-term sentiment and ecosystem developments.</p>
</section> <a href="https://coinwy.com/shiba-inu-holds-after-price-drop/" rel="noopener noreferrer nofollow">Read original article on coinwy.com</a>

Shiba Inu Holds Key Support After Price Drop

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