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Following
SHIB The SHIB security warning reminds holders to review wallet requests, and Shiba Inu coins entered consolidation after breaking through the strong daily trend line.
SHIB gained support around US$0.0000450 after the latest daily trend line broke, while resistance around US$0.0000500 is under pressure.
Wallet authorization may pose greater risks than ordinary transfers, and protecting mnemonic words and private keys remains critical to the holder.
Shiba Inu issued a safety warning as holders faced new wallet risks, while SHIB entered consolidation after breaking through the long-term downtrend line.
SHIB holds support after breaking through
According to BSCN reports, Shibburn has warned holders to beware of unexpected wallet requests. This warning is specifically for unfamiliar authorization and transaction signature requests. Holders are also reminded never to share private keys.
According to the chart provided, as of writing, the trading price of SHIB was US$0.0000450. The daily structure shows buyers are defending the $0.0000440 - 0.0000450 area. The region has become critical after the recent trend line breakthrough.
The token has previously been below the downtrend line since May. During this period, multiple rallies failed to hit higher highs. Subsequent breakthroughs changed this pattern and increased trading activity.
However, after a sharp increase, prices stalled around $0.0000530. Prices then formed another downward structure below recent highs. This pattern shows that sellers are still active in short-term rebound attempts.
The momentum has cooled during the recent consolidation
As of the time of writing, the daily RSI is around 46, below the neutral 50 level. Previously, the indicator had risen above 70 during the breakthrough rise. Subsequent declines suggest that momentum has cooled from extreme levels.
Even so, the RSI is still above the lower reading recorded in June. This suggests that selling pressure has eased from previous market weakness. However, buyers still need stronger momentum to confirm a new round of gains.
When SHIB broke through the main trend line, trading volume increased significantly. This increase has been accompanied by a rapid shift in prices towards the $0.0000530 area. During the correction, recent trading activity has become more cautious.
The first important resistance level currently above is US$0.0000500. If prices continue to rise, US$0.0000530 may become the focus again. If a breakthrough cannot be achieved, the short-term decline structure may be maintained.
Wallet requests raise security concerns
The article quoted Shibburn's warning about unexpected wallet interactions. Shibburn urges users to carefully check permissions before approving unfamiliar requests. The warning also concerns requests for users to sign transaction information.
Seemingly regular authorizations could potentially allow for broader contractual interactions. Therefore, users need to understand the actual role of each privilege. Wallet holders should not automatically approve unclear requests.
Shibburn also emphasized that mnemonic words should remain private and private keys should never be provided to external parties. These certificates can directly control cryptocurrency assets.
This safety warning is independent of the technical structure of SHIB. Rising prices do not reduce the risk of requests from unfamiliar wallets. Judging from the chart, buyers still need to hold the US$0.0000440 - 0.0000450 area.
