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Is Shiba Inu Ready for a 20% Rally?

  • Shiba Inu (SHIB) continues to be in the spotlight despite market slowdowns, known for its large community and speculative surges.
  • SHIB price has been fluctuating wildly, forming a downtrend but consolidating near a horizontal support line around $0.00001140.
  • Current analysis suggests SHIB price is in a bearish-to-neutral territory with RSI hinting at a possible reversal with resistance levels around $0.00001200 and upside potential to $0.00001400.
  • Traders should monitor SHIB's daily closes as it navigates its tight range, potentially holding between $0.00001100 to $0.00001250 in the short term.

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