CandleFocus Here is Key Indicator Showing Shiba Inu Ready for Big Breakout
2024-09-20
Author: Content Editor
Shiba Inu (SHIB) has seen a 6% increase on the weekly chart, signaling a potential resurgence and further gains. Metrics from LunarCrush show increased social engagement, trading volume, and positive sentiment surrounding SHIB, pointing to a significant breakout. Mentions and creators discussing SHIB have also risen, while sentiment remains slightly positive. On-chain data from IntoTheBlock reveals that the number of bulls slightly outnumbering bears indicates optimism among SHIB holders. Active addresses engaging with SHIB have also increased, indicating growing user interaction with the coin. Overall, these metrics suggest optimism and potential gains for SHIB.
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