Bollinger Bands Determine the Next Key Stop for Shiba Inu (SHIB) 🔥🔥🔥

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Shiba Inu (SHIB) Price Decline

In the past few days, the price of Shiba Inu (SHIB) has fallen, failing to return to the key support level of approximately $0.0000283 per SHIB, and continues to decline during trading sessions. Market participants are generally concerned about when the SHIB price will end its downward trend.

Cryptocurrency Market Volatility is Hard to Predict

Given the volatility and unpredictability of the cryptocurrency market, it is difficult to provide a definitive answer. However, some tools like Bollinger Bands can provide an approximate guide. The Bollinger Bands consist of a moving average and two standard deviation bands, and currently, the SHIB price is below the moving average.

Bollinger Bands Predict SHIB Price

According to the Bollinger Bands, the SHIB price may find a local bottom in this area, or investment decisions will be more cautious. The scenario where the SHIB price drops to the lower Bollinger Band may be offset by its return above the moving average (an increase of more than 6.6%).

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