"Shiba Inu (SHIB) Set for Major Reset"

1 min read
Source: U.Today
"Shiba Inu (SHIB) Set for Major Reset"
Photo: U.Today
TL;DR Summary

Shiba Inu (SHIB) is entering a new weekly market cycle, showing consistent volume patterns with spikes at the beginning of each week. Currently trading at $0.00002446, SHIB remains above the 50-day Exponential Moving Average, indicating bullish sentiment. On-chain data reveals that 60% of holders are in profit, and 73% of SHIB tokens are held by large whales, suggesting they may influence price movements. The general market sentiment for SHIB is positive, supported by on-chain and exchange indicators.

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