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Shiba Inu Falls 11% in 24 Hours, $2.1M in Long Positions Liquidated

Price Volatility Derivatives Data Market Analysis

2026-07-28 07:26:56

SHIB-10.43%

According to AMBCrypto analysis, Shiba Inu (SHIB) fell 11% in the last 24 hours following profit-taking after a recent rally, with over $2.1 million in leveraged long positions liquidated. The token's burn activity dropped sharply during the same period, removing a key supply-side support factor. Technical analysis points to an imbalance zone between $0.0000042 and $0.00000485 as a potential consolidation area, with the midpoint at $0.00000456 identified as a near-term support level.

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