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Shiba Inu (SHIB) on the Brink of a Catastrophic 17% Plunge, Data Suggests
In a shocking turn of events, data from Bollinger Bands is indicating that Shiba Inu (SHIB) may be on the cusp of a drastic 17% price drop. This development comes as a surprise to many analysts and investors who had been cautiously optimistic about SHIB’s prospects in the short term.
According to recent data, there are two possible outcomes for SHIB’s price activity in the near future – either a dramatic plunge or an unprecedented rise. It is crucial to note that the median line has become a pivotal resistance level, and should it break below this barrier, bears may be given free rein to dictate the market sentiment.
The past 24 hours have seen SHIB trade at approximately $0.0000283, which represents a significant shift in momentum compared to recent trends. As the weekend approaches, traders are increasingly hesitant to make predictions about the future direction of the cryptocurrency. Nevertheless, it is crucial to be prepared for any eventuality as market conditions can change swiftly.
At press time, SHIB was trading at approximately $0.0000283, and its market capitalization had dropped by a marginal 1.21% over the past day. It remains unclear whether this trend will continue in the coming days or if we are witnessing a temporary correction before an eventual reversal.
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Source: u.today
