Update
SHIB Bounces Back Above $0.000005
Shiba Inu (SHIB) has recovered above the $0.000005 level after a daily low of $0.00000493. However, a significant amount of SHIB moved onto exchanges at the same time, casting doubt on the recovery. Exchange data shows a growing supply, with reserves now at 87.2364 trillion tokens, up 0.06% in 24 hours. The price is below key resistance levels, and the Relative Strength Index is around 40 to 45, indicating weak momentum. Support is near $0.00000480 to $0.00000493.