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Shiba Inu (SHIB) Eyes Major 50% Move as Bollinger Bands Signal
Shiba Inu’s price action has been gaining attention in recent days, and many traders are now wondering if the coin is due for a major move. According to our data analysis, we believe that Shiba Inu (SHIB) eyes a significant 50% increase based on the latest Bollinger Bands signal.
For those who may not be familiar with the concept of Bollinger Bands, it’s a technical analysis tool used by traders to predict potential price movements. The indicator uses two standard deviations of the last “n” periods of data (where n is an integer) to provide a volatility gauge and create a moving average. In our case, we noticed that the bands have converged and are close to each other.
This convergence typically signals that there may be a trend reversal or breakout coming up in the near future. Based on historical data, this could potentially lead to a significant price increase of at least 50%.
Source: u.today
