SHIB's price decline following the WazirX hacking incident creating panic over shib investors.
SHIB faced a massive sell-off as traders panicked and the exploiter offloaded the assets. As of the time of writing, the value of Shiba Inu had decreased by over 8% for the day.
Notably, the memecoin has dipped by over 12% upto now.That said, SHIBâs potential to continue its decline within the channel is higher if the fractal repeats. In this bearish scenario,.Conversely, a retreat from the ongoing correction may have SHIB retest its resistance confluence zone.The potential for a pullback is high, and traders should monitor key levels and indicators closely.
Investors should remain cautious and stay informed about the latest news and updates. As with any investment, itâs essential to conduct thorough research and consider the risks involved. The future of Shiba Inu Coin holds promise, but it will depend on various factors, including market conditions, technological advancements, and regulatory developments.Whether youâre a seasoned investor or a newcomer, staying updated with the latest news and developments is crucial to making informed decisions in this exciting and unpredictable space.It will be interesting to see whether a SHIB price rally will follow the resurgence of the aforementioned bullish indicators in the near future.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article include the author's personal opinions and Readers are encouraged to do thorough research before making any investment decision's.
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