Shiba Inu (SHIB) Price on the verge of breaking a 5-month low

$SHIB

Shiba Inu price is on the verge of making a move that could free the meme coin from its five-month curse.

The inventors are also supporting this outcome and are doing their best to make it happen.To get advertising for your crypto project or press releases

Shiba Inu

A surge in Shiba Inu price has been expected for a long time, and investors are now pushing the meme coin higher. SHIB is currently receiving continued support from its investors, as indicated by the stable positive funding rate. This continued support is essential to maintain the upward momentum and could indicate increased confidence among the Shiba Inu community.

The positive funding rate reflects that more traders are willing to pay a premium to maintain their long positions, a strong indicator of bullish sentiment. This shift in investor behavior represents a significant change from previous periods of uncertainty and volatility.

In addition, the Chaikin Money Flow (CMF) indicator reveals that inflows into Shiba Inu have been strong over the past month and a half. Steady flows indicate that capital is moving steadily toward the asset, supporting its recovery and potential for future growth.

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