CandleFocus SHIB Price Likely Bound for Correction Despite 10% Hike in October
2024-11-02
Author: Content Editor
The price of the cryptocurrency Shiba Inu (SHIB) has been decreasing and could continue to do so in the coming weeks. The decrease in the number of active addresses engaging with SHIB suggests a decline in user involvement and is historically linked to price drops. Additionally, the average duration that SHIB coins are held before being sold has decreased, indicating weakening investor confidence. The price has also fallen back into a descending triangle pattern, suggesting that a previous breakout was a fakeout. The current prediction is that the price could decrease to $0.000015, but if it rises above the triangle pattern again, it could climb to $0.000022.
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