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Shiba Inu drops 11% as traders take profits; $2.1M long positions liquidated amid correction.

Technical Signals
28 Jul 2026, 08:00 WIB
AMBCrypto
View Source
Bearish
Shiba Inu drops 11% as traders take profits; $2.1M long positions liquidated amid correction.

Shiba Inu (SHIB) fell nearly 11% in 24 hours after a strong rally, as traders took profits following a recent breakout. The price correction brought SHIB back toward an unfilled technical gap between $0.0000042 and $0.00000485, a zone that could attract buyers if defended. Token burn activity dropped sharply, reducing supply-side support, while over $2.1 million in leveraged long positions were liquidated, indicating some traders exited. The market appears to be resetting rather than reversing, with potential for SHIB to stabilize and continue its bullish trend if it holds the key imbalance zone.

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