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Title: Shiba Inu (SHIB) Bulls on Verge of Massive FOMO
The price of Shiba Inu (SHIB) has finally found some respite, and it looks like the bulls are about to get a significant push forward. The cryptocurrency’s recent price action has been nothing short of disastrous, with a massive sell-off that seemed like it would never end. But now, after touching the lower band on an older time frame, SHIB is looking more promising.
As traders, we know that once an asset reaches a certain price level, it can quickly bounce back in a significant way, especially if there are enough buyers to push the momentum forward. In the case of Shiba Inu, the recent drop has put the token at a crucial point where the price is expected to rebound.
This bounce could potentially trigger a massive FOMO (Fear Of Missing Out) reaction among traders and investors alike, as they begin to catch up with the move or buy into the rally.
Source: u.today
