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Shiba Inu priceCoinGape
•Business
Business & Economics
60% Informative
Shiba Inu (SHIB) price has decreased in the past 24 hours , mirroring the overall industry-wide downturn.
Bitcoin (BTC) and ETH ( ETH ) are also under a price drop and significant liquidations.
The price of SHIB has been oscillating within a contracting range, suggesting a huge price movement is imminent.
The analyst highlights that the price is currently in the middle of building a symmetrical triangle pattern, signifying a breakout.
The recent surge of the 30 day MVRV ratio above zero for SHIB seems to hint at increased demand.
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