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Cryptocurrency News Video
Breaking Coin | Fundamental Shiba Inu (SHIB) Metric Making Comeback
Dec 30, 2024 at 04:37 pm Breaking Coin
Fundamental Shiba Inu (SHIB) Metric Making Comeback Click to Buy All Coins with 10% Commission Discount with Credit or Debit Card. Mexc https://bit.ly/3qOKVr4 , Bitget https://bit.ly/3EvMUo1, Click link https://u.today/fundamental-shiba-inu-shib-metric-making-comeback to read the original text on U.Today ( News, Price Analysis, Trading Guide, Crypto ) _______________ Short-term holders, a crucial fundamental indicator, point to a possible influx of new investments making Shiba Inu appear to be recovering. This indicator has been rising, indicating fresh interest from new market players, and is essential for evaluating present demand. This data indicates that SHIB may not be as weak as it appears despite bearish signals in recent weeks. At the moment, 43% of SHIB holders are losing money, compared to 52%, who are making money. In the face of greater market uncertainty, this composition shows how resilient the SHIB network is. The growing number of short-term holders indicates growing demand and, if the trend continues, may mark the start of a possible rally. On-chain signals, however, give conflicting information. At 0.38%, the net network growth metric is a little pessimistic, and the sharp decline in large transactions of 14.39% suggests that whale activity has decreased. Significant investors may be taking a cautious approach, perhaps waiting for more robust bullish signals before reentering the market. Technically speaking, SHIB is currently trapped in a crucial price action battle zone between its 50 and 200 EMAs. While a decline below $0.00002059 might force SHIB to new lows, a clear move above $0.00002406 might signal the start of an upward trend. Since they will probably determine SHIB's course, these levels are crucial to monitor in the days ahead. The improving short-term holders' metric provides hope despite difficulties. It represents new investments and increasing optimism about SHIB's possible comeback. If this trend keeps up and there is additional market support, SHIB may be able to break through the present resistance levels and draw in more capital. The key right now is patience. _______________ #shiba inu, shibaswap, bone token, you can find breaking news, analysis, comments on cryptocurrencies on this channel, please subscribe to not miss the next shiba inu news. #shib burn, shiba burn, shiba inu price, shiba stake, shibaswap, #shibarium, shiba inu analysis _______________ Disclaimer, The information provided on this video does not constitute investment advice, financial advice, trading advice, for informational purposes only, you should not treat any of the video's content as such. Please, consult your financial advisor before making any investment decisions. #breakingcryptonews
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