🚨🚨$SHIB UPDATE🚨🚨

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Today’s update for Shiba Inu ($SHIB ) reflects a mixed outlook.

Over the past week, #shib has experienced a decline of approximately 6.35%. Despite some promising technical developments, like the launch of the ShibDev portal, the token remains on a downtrend. Analysts suggest further losses by the end of September, largely due to bearish market conditions affecting broader cryptocurrencies .

However, there are signs of optimism as Shiba Inu has recently seen increased whale activity and significant social dominance, which could fuel a potential rally. If bulls maintain control, the memecoin may see upward movement, with analysts predicting SHIB could aim for a target price of $0.000035 in the coming weeks .

As the market enters October, often a bullish period known as “Uptober,” there’s cautious optimism that the broader crypto market, including SHIB, may recover if macroeconomic conditions improve .