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Bitcoinsensus

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Image Credit: Bitcoinsensus

SHIB Price Action: Accumulation Hints at a Possible Breakout

  • Shiba Inu (SHIB) is currently trading at $0.000014, showing signs of stabilization after a recent correction.
  • The memecoin has been hovering around breakeven levels over the last 24 hours, indicating potential resistance for sellers in the current zone.
  • Analysis suggests SHIB has been consolidating in the $0.000015—$0.000014 zone on the 1-hour chart, with a possible breakout looming.
  • The Accumulation/Distribution indicator indicates potential bullish strength for SHIB, with traders advised to watch for breakout confirmation through price action and volume expansion.

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