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Bollinger Bands Identify Next Important Stop for Shiba Inu (SHIB)
In a recent analysis of the cryptocurrency market, we have been following the development of various price dynamics in the context of Bollinger Bands. The situation with the Shiba Inu token has become particularly interesting. Despite the fact that deviations within this zone are possible, we can assume that in this area the price of the Shiba Inu token will find its local bottom.
Or, in any case, the investment decision regarding the meme cryptocurrency will be made more consciously. The scenario of the Shiba Inu token falling to the lower Bollinger Band will be canceled by a return above the moving average, i.e., growth of more than 6.6% from the current mark.
Accordingly, we should pay close attention to the development of these price dynamics and take into account the fact that the scenario of a fall below the lower Bollinger Band has been rejected, at least for now.
Source: u.today
