Shocking 3 Trillion Shiba Inu Plunge: Whales Abandon Ship! 🐳🚢
Based on its daily performance, SHIB recently made an attempt to recover the $0.000014 zone through a rally. Additionally, it was able to push back above the 50-day and 100-day EMAs. But once more, the 200-day EMA (black line) rejected the advance and sent the price plunging by almost 2% in a single session, proving to be unbeatable. A planned spike to entice retail buyers before larger holders offload into thin liquidity is the textbook distribution of a failed breakout.