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SHIB Price Analysis: Overhead Supply Pressure Hints SHIB to Retest $0.00001

On June 21st, the Shiba Inu (SHIB) price knocked out a five-week-old descending trendline resistance with a long bullish candle. The breakout opportunity attracted more buyers amid the improving sentiment of broader markets and propelled the altcoin to $0.000116. Furthermore, in response to selling pressure near $0.000012, the coin price may witness a minor pullback

The post SHIB Price Analysis: Overhead Supply Pressure Hints SHIB to Retest $0.00001 appeared first on CoinGape.

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Written by Brian Bollinger

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