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TronWeekly

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Shiba Inu Poised for Breakout as Technicals Support Major Upside

  • Shiba Inu (SHIB) is displaying technical signals indicating a potential bullish reversal, with the MACD indicator showing a bullish divergence on the 2-day chart.
  • Analyst Javon Marks has set a target price of $0.000032 for SHIB, suggesting a 171% upside from the current level of $0.00001178.
  • Despite concerns about SHIB's large circulating supply limiting price appreciation, increased social media buzz and technical indicators support a positive outlook for the cryptocurrency.
  • The recent price movements and market sentiment signal a possible trend reversal for Shiba Inu, with potential for further gains towards the target price.

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