Shiba Inu Investors Should Consider This Level as Their Next Buying Opportunity!
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- Shiba Inu is experiencing bearish movements on the daily time frame.
- The absence of buying pressure and accumulation of liquidation levels has kept the memecoin within a narrow range this week.
Shiba Inu [SHIB] seemed to break bullish on the 4-hour chart ten days ago. However, that breakout has since stalled, with prices retesting local lows twice. Instead, a range formation has emerged on lower time frames, mirroring Bitcoin [BTC]’s indecision in price action.
An extended consolidation phase ahead for Shiba Inu
Source: SHIB/USDT TradingView p >
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