Shiba Inu eyes reversal as whales accumulate amid downturn – What now?

Quick Summary:

The token’s alignment with key technical levels and on-chain signals suggests that the current phase could mark the foundation for future gains.

Despite the short-term bearish sentiment, whale accumulation and a potential bottoming phase have emerged as pivotal themes.

If the MVRV begins to recover, it could signal an accumulation phase, laying the groundwork for a future price rebound.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: Social Trading View News Memecoins Shiba Inu Ambcrypto News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 03:00:49 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24589694

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 9 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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