21 August 2025
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Shiba Inu Price Rises Over 2% as Bulls Maintain Key Support Levels
Shiba Inu (SHIB) Update
- SHIB gained over 2% in 24 hours, supported by strong trading volumes.
- Price dropped initially due to market de-risking ahead of Fed Chair Jerome Powell's speech.
- Buyers defended the $0.00001200 support level, leading to a recovery above key levels.
- Current price range is between $0.000012089 and $0.000012705, with resistance at $0.000012600 breached.
- Next target for bulls: $0.000012700 psychological level.
- Institutional interest peaked during midday, with trading volume exceeding 1 trillion tokens.
- CD20 Index showed steady performance amid SHIB volatility, reflecting ongoing institutional selectivity.