Shiba Inu (SHIB) has experienced a 9% increase in price over the past seven days but struggled to maintain that momentum in the past 24 hours, leading to speculation of a potential price decline. However, there has been a significant outflow of SHIB from exchanges, indicating that investors are moving their holdings to wallets and suggesting increased confidence and a bullish sentiment toward the meme coin. This outflow could attract more buyers and potentially result in further upward price movement. Additionally, the Network Value to Transaction (NVT) ratio has decreased, indicating that transaction volume is surpassing market cap growth and suggesting that the price is at a good buying point. SHIB's price breakout from a descending triangle pattern suggests it may be ready to reach a three-month peak, with the current price at $0.000015. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) also signal bullish momentum. If the trend continues, SHIB could break the resistance at $0.000015 and reach $0.000017, but failure to break this resistance could lead to a decline to $0.000013.



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