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Shiba Inu Price Nearing Bullish Breakout Potential
Shiba Inu (SHIB) price is on the cusp of breaking out of a bullish pattern that could potentially propel the meme coin to new highs on the charts. As holders show more conviction, the price is poised for significant movement.
Shiba Inu Investorsโ Confidence Growing ๐
- SHIBโs price is approaching a bullish breakout, and investor sentiment seems to be turning optimistic.
- Active SHIB deposits are decreasing, suggesting a shift from bearish to bullish market sentiment.
- More SHIB tokens are transitioning from short-term investors to long-term holders, indicating increased faith in the coin.
SHIB Price Prediction: Potential 42% Rally ๐
- Trading at $0.00002852, SHIB is close to breaking out of a symmetrical triangle pattern, signaling potential indecision in the market.
- A breakout could lead to a 42% rally, with a target price of $0.00004205.
- Failure to breach the pattern could lead to a decline, with key support levels at $0.00002584 and $0.00002268.
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