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Shiba Inu (SHIB) Price Prediction and Analysis
A recent surge in key on-chain metrics has seen the price of Shiba Inu (SHIB) skyrocket by an astonishing 1,079%. As a result, many crypto enthusiasts are now wondering what this sudden upsurge means for the future price movements of SHIB.
In my previous analysis, I highlighted that the daily RSI was approaching the midpoint, which might suggest range trading in the very short term. However, the recent data suggests that we could be witnessing a more significant shift.
A break above the daily SMA 50 at $0.0000255 would take SHIB’s price out of its current range and potentially start a new uptrend.
As always, I want to emphasize that there is no one-size-fits-all prediction for any asset. The crypto market is notoriously unpredictable, and I encourage you all to continue conducting your own research before making any investment decisions.
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Source: u.today
