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Shiba Inu (SHIB) Price Hits Pre-Pump Levels: What’s Happening?
The price of Shiba Inu (SHIB) has recently plummeted, dropping below the 50 and 100 EMAs. This retracement to pre-pump levels suggests a lack of sustained interest from long-term investors. The sell-off also implies that SHIB has not yet gained a strong following among its current members and potential newcomers.
The latest development raises concerns about the token’s future prospects. It is essential for SHIB to regain investor trust and sustain momentum to avoid further price drops.
Source: u.today
