📉 Shiba Inu loses 11% this week.. Is this the beginning of a bullish run? 🚀
Despite the price of Shiba Inu (SHIB) dropping by 11% over the past week to settle at $0.00001234, on-chain indicators reveal signs of a bullish reversal:
✨ Positive sentiment: The Weighted Sentiment index rose to a 7-day high of 1.153, indicating increased investor confidence.
💰 Liquidity flow: The Chaikin Money Flow (CMF) index climbed to 0.04 despite the price drop, reflecting new money entering the market.
📊 Reversal potential: This divergence between price and indicators suggests a potential bullish rebound that could push SHIB towards $0.00001295, while continued selling pressure could drop it to $0.00001167.
🔎 Summary: Despite the current decline, increased trader confidence and liquidity flow may signal the approach of a new launch for SHIB.
📌 Source: BeInCrypto
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