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Shiba Inu price pulls back after 40% surge, bulls defend key support near $0.0000045

Technical Signals
31 Jul 2026, 16:32 WIB
Crypto news
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Neutral
Shiba Inu price pulls back after 40% surge, bulls defend key support near $0.0000045

Shiba Inu (SHIB) price surged nearly 40% to around $0.0000058 before sellers pushed it back down to a support zone near $0.0000045. The rapid reversal indicates some traders took profits after the breakout, while daily indicators show a strengthening trend but mixed momentum. Bulls are currently defending support between $0.0000044 and $0.0000048, with a close above $0.0000048 needed to signal renewed buying strength. The liquidation map warns of potential volatility spikes near $0.0000045, suggesting SHIB could see further price swings before establishing a clear direction.

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