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>>Shiba Inu's value has dropped 18%, but is showing signs of stabilization. Is now a good opportunity to invest?

Shiba Inu's value has dropped 18%, but is showing signs of stabilization. Is now a good opportunity to invest?

crypthub

1 day ago

Shiba Inu's Recent Performance

On-chain data suggests a potential market reversal for Shiba Inu after an 18% decline in September. New capital is flowing into SHIB, and new wallet addresses have reached a two-and-a-half-month high. Long-term investor sentiment remains positive, with unrealized gains indicating a lack of immediate profit-taking. This reduced selling pressure could stabilize price fluctuations.

Potential for Pepe's Rally

Pepe is approaching a historically significant demand zone around $0.000012, potentially marking a last-chance buy opportunity. A sustained reversal at this level could lead to a 90% price increase to $0.000024. Continued U.S. interest rate easing and potential TradFi exposure could extend the rally even further.

Caution and Potential Drawbacks

Momentum indicators suggest caution, with the RSI rejected at the neutral line and a potential MACD death cross imminent. A breakdown below $0.000012 support could invalidate the ascending triangle pattern. Such a scenario would see the next support at $0.00001.

Introduction to Snorter ($SNORT)

Snorter Bot is a trading tool focused on competitive strategies, including limit-order sniping and rug-pull protection. The presale has exceeded $4.4 million, with early stakers currently earning a high APY. With limited time remaining in the presale, early exposure through exchanges could accelerate demand.