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The current price of Shiba Inu (SHIB) is still moving in the range of around 0.000006 USD, indicating that the market is currently trading sideways with only minor up-and-down movement. Based on the visible chart, SHIB is trying to rise again after having dipped, with signs that buyers are starting to return.
In the last 24 hours, SHIB’s price movement has been fairly stable with a slight increase, suggesting potential for a short-term rebound. However, because SHIB is a meme coin with high volatility, price action can change quickly depending on volume and market sentiment.
Technically speaking, the price is now trading in an area near support and resistance, so it’s suitable for scalping or quick entries. If resistance is broken, there is still a chance for the price to move higher, but if it fails, it could drop again. So make sure to keep using risk management, especially if you’re trading futures.
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