Shiba Inu may ignite price reversal amid huge development
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Notably, SHIB is witnessing rising trading activity across all major crypto exchanges. Data reveals that $51.73 million of it comes from OKX, $18.32 million from BingX, $11.86 million from CoinEx and $6.51 from Bitget, among others. This means that investors are showing notable interest in the As of writing time, the price of SHIB has dipped 3.57% to $0.00001589 during the last 24 hours. Moreover, it has remained down 7.25% over the past 30 days.
However, it also means that the sentiment is slightly shifting in favor of the bulls. Typically, an RSI in this zone means that the coin has confirmed its support level, and it is heading toward a potential upward trend. Overall, not all is lost for SHIB, and the market may witness a reversal soon.With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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