Shiba Inu Coin (SHIB) Drops 20%: Can It Still Rebound?
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Shiba Inu (SHIB), as a leading meme coin on the Ethereum blockchain, has a strong community and ecosystem, making it one of the most popular altcoins. However, recent market adjustments have led to a drop in SHIB's price by over 20%, currently trading at about $0.00002.
Despite this, technical indicators such as the 200-EMA and 200-SMA still show some bullish signals, providing some confidence for holders. Cryptocurrency analyst Airdropalpha40 predicts that as the bull market approaches, SHIB's price may rebound to $0.00008. However, despite its potential for considerable growth, SHIB's potential seems limited compared to the 90-fold increase projected by IntelMarkets (INTL).
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