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Shiba Inu Sell-off Slows Down, Here Are Key Price Levels to Watch
The cryptocurrency market is witnessing a tumultuous period, with many coins facing similar negative twists. Unfortunately, the once-popular meme coin Shiba Inu (SHIB) has not been spared from this bearish trend. While SHIB Open Interest may be constantly changing based on interest levels in the general market, it’s clear that the top coin is still down over 15% in seven days and more than 33% in the past month.
This prolonged sell-off may have finally started to slow down, but investors should remain cautious as there are no guarantees of a reversal. Nevertheless, if SHIB can regain its previous momentum, it could potentially become a good candidate for staging a solo comeback and overcoming persistent price rejections.
It’s essential for traders and investors alike to monitor the current market conditions closely and be prepared to adapt their strategies as necessary.
Source: https://u.today/shiba-inu-sell-off-slows-down-here-are-key-price-levels-to-watch
