Shiba Inu (SHIB) Shows 114% Bull-Bear Imbalance, Suggesting Potential Price Confidence Amid Market Recovery
Main Idea
Shiba Inu (SHIB) exhibits a 114% imbalance between bullish and bearish sentiment, indicating potential price movement, with its current price at $0.00001294, reflecting a 2.86% increase in the last 24 hours.
Key Points
1. Shiba Inu (SHIB) has a 114% imbalance between bulls and bears, suggesting strong market confidence.
2. The current price of SHIB is $0.00001294, up 2.86% in the last 24 hours.
3. SHIB recently rebounded from a low of $0.0000116 on August 2 and is trading above the daily SMA 50 at $0.00001272.
4. The bullish trend is supported by positive market indicators and recent whale activity.
5. The SHIB burn rate surged by 3,464% amid community activity, potentially influencing price movement.
Description
Shiba Inu (SHIB) has a 114% imbalance between bulls and bears, indicating a stronger bullish sentiment in the market. 77 bulls compared to 67 bears suggest increased confidence in SHIB’s
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