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Shiba Inu Coin price shows optimistic sentiment, may welcome a rebound
This week, the cryptocurrency market has generally declined, and digital assets like Shiba Inu Coin have also fallen into bearish territory. However, recently, there have been some positive signs in the price of Shiba Inu Coin, which may indicate a rebound in the next few days.
As meme coins become more popular, Shiba Inu Coin has attracted the attention of both new and old investors, all hoping for a rebound.
Shiba Inu Coin has recently shown signs of recovery
The price trend of Shiba Inu Coin shows signs of recovery and may rise in the short term. This analyst believes that SHIB is set for a rebound because after a period of decline, the market has started to turn bullish, and the buying interest from retail and institutional investors has returned.
Shiba Inu Exec predicts a 1000% increase in 2-3 days, shocking the community
Although the past few weeks have been tough, SHIB still has the potential for recovery.
Experts advise keeping an eye on several key resistance levels during the rebound. Fiatleak states that the first major resistance level is the 200-day simple moving average (SMA) at $0.00001891.
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Fiatleak emphasizes that despite market volatility, retail investors' demand for Shiba Inu Coin is growing, supporting its price.
Experts say that any inspiring comments or news in the community could drive this meme coin up in the coming days.
SHIB's price performance is poor today
Earlier this week, SHIB's price rose to $0.000019, triggering a market rebound. However, as of today, this second-largest meme coin has fallen to about $0.0000170, raising doubts about its short-term potential.
Whale trading volume jumps 240% to 3.42 trillion SHIB, Shiba Inu Coin price may recover to $0.00002
Currently, Shiba Inu Coin is trading at $0.0000174, having dropped over 1% yesterday. Although the price has plummeted, investor enthusiasm for meme coins remains strong, evidenced by a 15% surge in trading volume yesterday.
Shiba Inu Coin
SHIB is trading at $0.00001766 on the 1D chart.
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