Shiba Inu (SHIB) has recently caught the attention of investors as its chart reflects a significant surge in capital inflows and buying pressure. These developments have left many speculators wondering if this positive momentum will be sufficient to initiate a much-anticipated price rebound.
With increased interest and activity surrounding Shiba Inu, all eyes are now focused on whether this surge in support will ultimately lead to a revitalization of the cryptocurrency’s fortunes.
Shiba Inu Price Consolidation And Increased Capital Inflows
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Shiba Inu, over the past few days, has witnessed relatively low volatility on higher timeframe price charts. From May 8 onwards, its price has oscillated within a range of $0.00000832 and $0.00000914, indicating a period of consolidation.
At the time of writing, CoinGecko reflects Shiba
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