Shibarium Addresses Cross 2M After Capitulation, Can Shiba Inu Price Rise 50%?

Quick Summary:

Although Shiba Inu price has crashed by over 30% from its December high, its ecosystem is doing well, pointing to an eventual rebound.

SHIB price comeback will be supported by its futures open interest and the NPL indicator, which points to capitulation.

Some popular leading indicator predict that the Shiba Inu price will recover.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: India

Topics: Shiba inu price analysis Price Analysis SHIB Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 14:01:14 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 48 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24636387

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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