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Shiba Inu (SHIB) on the Brink of a 17% Plunge, as Bollinger Bands Suggest
The crypto market is known for its unpredictability, and it’s essential to stay informed about any potential price movements. As Shiba Inu (SHIB) continues to make headlines with its remarkable growth, recent developments suggest that the cryptocurrency may be on the verge of a significant decline.
According to Bollinger Bands, a popular technical indicator used in trading to identify trends and predict market changes, SHIB’s current situation could lead to a drastic 17% drop. This warning comes as the median price has reached $0.0000283, leaving many traders wondering what this means for the future of the cryptocurrency.
The coming weekend will play a crucial role in determining whether SHIB’s price will continue to rise or succumb to bearish pressure. The bears have taken control, and it remains uncertain if the cryptocurrency can recover before then.
While this is only a prediction based on Bollinger Bands data, the market can be unpredictable, and even small changes could affect the overall direction of the trend.
In conclusion, SHIB’s current situation may indicate a 17% crash in the short term.
Source: u.today
