Shiba Inu (SHIB) shows bullish potential despite recent declines, backed by increased burn rate and positive technical indicators.
Shiba Inu showed potential for a significant price recovery with bullish indicators despite recent declines.marked its fourth anniversary this month, having been launched on the 1st of August 2020., SHIB quickly gained massive attention and experienced significant price surges in 2021.
The recent price action saw SHIB testing the lower Bollinger Band, which suggested potential support and a reversal. However, it remained below the middle band at press time, indicating continued bearish sentiment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu’s 28% surge: Will SHIB keep its bull run after a change in path?Shiba Inu has experienced a recent price surge, token burn, and holder sentiment. Will SHIB keep its bullish momentum? Discover more here.
Read more »
Shiba Inu whale watch: Why large investors moved 3.8T SHIB in 24 hoursSHIB whale activities have surged with 3.7T tokens transfers. Despite rising whale inflows , market sentiment remains bearish.
Read more »
8M Shiba Inu tokens gone in a day: How will SHIB be impacted?Shiba Inu has witnessed an increased burn rate in the past day. Amid this, a crypto analyst has predicted a triple digit surge for SHIB.
Read more »
Shiba Inu price prediction: Why August could be risky for SHIB tradersThe Shiba Inu price prediction was bearish based on the technical indicators and futures market sentiment, with $0.00002 a giant obstacle.
Read more »
Shiba Inu’s next move: Key SHIB signs point to a breakout above…Shiba Inu [SHIB] bears were dominating the market in the past seven days as the memecoin’s weekly chart was red.
Read more »
Shiba Inu’s ‘hype train’ – Assessing why SHIB’s whales are ‘150%’ on boardShiba Inu is trending on the back of growing adoption rates lately. This is good news, but will that be enough? The answer is...
Read more »