⭐⭐Shiba Inu Prepares for a Rise ⭐⭐
Shiba Inu (SHIB), one of the prominent names in the meme coin market, has been showing a remarkable performance recently. Despite the fluctuations in the cryptocurrency market, on-chain data and technical analyzes of SHIB give positive signals. This situation increases the long-term expectations of investors and strengthens hopes for the future of SHIB.
There has been a significant decrease in the market supply of SHIB in recent weeks. According to Santiment data, investors tend to withdraw their assets from exchanges and hold them for the long term. This trend increases the possibility of an upward movement in the SHIB price. In addition, the fact that whales, known as large investors, have started to trade more in SHIB shows that market interest has increased and paved the way for potential price increases.
In terms of technical analysis, Shiba Inu's performance is quite promising. While there was a 6% increase in recent price movements, the increase in futures shows that demand is still strong, although there was a small decrease in daily trading volume. In particular, the inverse head-and-shoulders pattern gives a strong signal that SHIB may exceed certain levels in the short term.
According to analysts' estimates, SHIB price may reach $0.000035 and if this level is exceeded, it may gain momentum towards higher prices. When on-chain data, market signals and technical analysis are evaluated together, SHIB's future growth potential seems quite high. It may be useful for investors to follow these developments closely in order to create the right strategies.
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