Update
SHIB Consolidates Above Key Support
SHIB ends the new week near $0.0000051 after a recent decline. Buyers continue defending a key support area, creating a market lacking clear direction. Encouraging exchange data shows more tokens moving off exchanges, suggesting holders prefer to keep assets. Network activity has increased, with daily transactions on Shibarium surging by 151%. However, concerns about network reliability and data accuracy continue to limit stronger bullish conviction. Adoption remains limited, with businesses accepting SHIB payments but day-to-day usage remaining low. Support around $0.00000483 remains the most important level to watch.