Shiba Inu's Golden Pocket: A Forecast for 2024
TL;DR Summary
Shiba Inu's price has experienced a 40% drop over eighteen days, with on-chain metrics indicating a consolidation phase and a potential retracement to the Fibonacci golden pocket. Despite the recent downtrend, bullish long-term outlook and on-chain accumulation suggest a possible range formation before a potential bullish reaction. However, this information does not constitute financial advice and is solely the writer’s opinion.
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