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**Shiba Inu (SHIB) Rally Ahead? Bollinger Bands Tease Big Squeeze Coming**
The cryptocurrency market has been experiencing a rollercoaster ride in recent times, with the price of Shiba Inu (SHIB) plummeting drastically. However, recent developments and indicators are hinting at a potential turnaround for SHIB.
In an astonishing move, over 14 million SHIB were sent to dead wallets, resulting in a reduction of circulating supply. This sudden decrease is a direct result of the burn mechanism, which aims to stabilize the market by reducing liquidity. As the price continues to fluctuate, many experts believe this unexpected twist could lead to an upward swing.
In addition to this surprising event, Shiba Inu’s team has announced plans to launch Shib Finance, a decentralized finance (DeFi) platform that will provide users with lending, borrowing, and saving services. This innovative move is expected to bring multiple benefits to the ecosystem, including increased liquidity, improved stability, and enhanced user engagement.
Market participants are growing optimistic about the future of SHIB, anticipating a potential price recovery and rebound to higher levels. While prices have taken a 4.44% hit in the last 24 hours, many believe this dip could be the precursor to a massive upside move.
Recent data suggests that Bollinger Bands are teasing a big squeeze is coming.
Source: https://u.today/shiba-inu-shib-rally-ahead-bollinger-bands-tease-big-squeeze-coming
