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Cryptopotato

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Important Shiba Inu Indicator Drops to a 3-Month Low: How Will SHIB’s Price React?

  • Shibarium’s recent slowdown has raised concerns about Shiba Inu’s network activity and price future.
  • Low daily transactions on Shibarium and declining user engagement could impact SHIB’s price negatively.
  • Negative exchange netflow and a decreasing burning rate are bearish signs for SHIB’s valuation.
  • However, a decline in exchange netflow and a slightly bullish Relative Strength Index (RSI) indicate potential recovery for SHIB’s price.

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