Shiba Inu Market Struggles Might Just Be The Calm Before A 400% Storm

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However, considering the state of the market today, such projections require careful interpretation.$SHIB (Shiba Inu) prices maintaining the structure of a large Inverse Head & Shoulder and with the $0.000081 target still in play, an over 402% run to reach it could come out of this! pic.twitter.com/wuZ6c2yrlY — JAVON⚡️MARKS (@JavonTM1) February 22, 2025 Technical Analysis Paints Contrasting Picture With $111 million worth of trades every 24 hours, SHIB controls 0.30% of the entire market.

Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Whale Exodus Endangers Shiba Inu Stability Despite concerns over bearish indicators, some analysts spot optimism in SHIB’s price action.

Current data indicates the meme token is trading at $0.00001476, with a market capitalization of around $8.7 billion.Despite a slight 1.35% increase in the past 24 hours, SHIB’s general trend remains bearish, indicative of larger market concerns.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaNorth KoreaSouth KoreaPhilippines

Topics: Memecoins Whales Crypto Cryptocurrency Market News Meme coins Shiba Inu SHIB

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 15:00:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 26379598

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About NewsBTC

Main Topics: Crypto

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