Shiba Inu: What You Can Do to Make SHIB Rise 354% in the Next Few Weeks

• Shiba Inu showed the potential for a significant price recovery despite recent declines with bullish indicators.
• Increased burn rate and increased net exchange ⁣flow indicated growing buying pressure ⁢for Shiba Inu.

Shiba Inu [SHIB] celebrated its ‍fourth birthday this month after being launched ‌on August 1, 2020. Developed as an experiment in ⁢decentralized community building inspired by​ Dogecoin [DOGE], SHIB quickly gained tremendous ⁤attention and experienced ‌significant price increases ⁢in 2021. Despite market volatility and a significant decline in subsequent years,‌ the token has maintained its strong presence with a dedicated ⁢community and ongoing developments in its ecosystem. At the time of writing, Shiba Inu was trading‌ at $0.00001339 with a 24-hour trading volume of $316,580,978. The token has seen a price ‌decline of ‍-3.00%​ over the⁤ past 24 hours.⁣ The market ⁣cap at press time was $7,890,783,531 with a circulating supply of 590 trillion SHIB.

Technical⁣ indicators and market sentiment

The recent price movement saw SHIB test⁤ the lower Bollinger band,​ indicating possible support and a trend reversal. However, at press time, it ⁤remained ⁢below the middle band, suggesting a continued bullish bearish sentiment…
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Additionally,Javon Marks,a crypto analyst,noted that SHIB maintains a ⁢bullish‌ structure

“In some recent closes,SHIB has confirmed a macroscopic hidden bull ⁢ish divergence

withits ​RSI,suggesting appetite${readyEmojiIcon}

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‌ This could mean Possible Damage?

emphasiszed that Shiba… Source:X