📉 Bollinger Bands: Can They Identify SHIB’s Next Big Move? 🔮

Shiba Inu ($SHIB) has seen a rough patch recently, with the price struggling to recover after massive liquidations of long positions. The meme-inspired token has slipped below its key support level of $0.0000283, leaving investors wondering: When will this downward spiral end?

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Bollinger Bands to the Rescue! 📊

The Bollinger Bands, a trusted technical tool by legendary trader John Bollinger, could provide a critical signal for SHIB enthusiasts. Here’s what they’re saying:

SHIB’s price is currently below the moving average, signaling further downside potential.

The lower band on the daily chart sits around $0.00002438—a level that’s 10% below the current price.

This lower band could act as a local bottom, where SHIB may stabilize.

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Key Scenarios to Watch 👀

1️⃣ Bearish Case:

If SHIB gravitates toward the lower Bollinger Band, we might see a dip to $0.00002438, marking a potential bottoming zone for the token.

2️⃣ Bullish Reversal:

The downtrend could be reversed if SHIB climbs 6.6% above the current price to cross the moving average. This would invalidate the bearish scenario and reignite investor optimism.

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What’s Next for SHIB Investors? 🚀

This is a crucial moment for Shiba Inu. While volatility looms, the Bollinger Bands provide valuable guidance:

🔹 Stay Alert: Watch the lower band closely—it might signal the end of the current pain.

🔹 Act Wisely: A more informed decision can be made near these critical levels.

🔹 Look for Reversal: A move above the moving average could trigger the next rally.

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