Posted 12/19/2023, 2:32:42 PM
Justin Sun Withdraws Millions in SHIB From Binance, But Price Action Remains Rangebound Between Key Support and Resistance Levels
- Justin Sun withdrew $6 million worth of SHIB tokens from Binance in two transactions, but this has not noticeably impacted the SHIB price yet
- The SHIB price is trading inside a long-term descending channel and recently failed to break out above resistance
- Analyst Ali Martinez says the SHIB price is showing signs of a breakout if it can hold support at $0.0000103
- The next key resistance level if SHIB breaks out is $0.0000145, a 40% increase from current levels
- If SHIB breaks down below the $0.0000100 support area, it could drop 22% to around $0.0000080