Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?

Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?


The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB/USD chart reveals a descending trend line where price has been rejected on every single daily close for the past two months.

However, today’s price movements have led to a shift. The descending trend line that previously governed Shiba Inu’s downward trajectory has recently been breached, suggesting a potential reversal or at least a weakening of the bearish pressure. Renowned crypto analyst Cold Blooded Shiller remarked, “One of the commandments of memes is thou shalt always long the meme when the trendline snaps.”

One of the commandments of

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