The meme token Shiba Inu (SHIB) has registered a declining trend, potentially indicating a serious downturn. Factors contributing to SHIB’s decline include the delay in launching Shibarium, its layer-two network and shifting investor interests to emerging tokens like Thug Life Token (THUG).
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Shiba Inu: Anticipating a Breakout or Bracing for a Dump? Bullish vs Bearish Potential
Shiba Inu price remains above a crucial support trendline, indicating active accumulation and potential 50% upswing if bullish breakout occurs. However, consolidation may persist, and risks like whale dumping and decreased trading volume could impact price stability. Investors should conduct thorough research in the volatile digital currency market.