Shiba Inu dey signal bullish rally despite 7% fall because market slump
Shiba Inu (SHIB) dey ready for big rally afta e don form big inverse head and shoulders pattern, e dey target $0.000081 from di current $0.0000147. On-chain data show say burn rate don jump almost 200%, wit 135 million SHIB tokens don destroy, while Google Trends show say retail interest dey increase again. Even so, e price con drop 7% recently as crypto market gatz slump, Shiba Inu still perform pass Dogecoin (DOGE) and e 24-hour trading volume still strong. But di positive exchange netflows fit mean say short-term selling pressure dey. Traders suppose manage risk well well, especially if dem dey use leverage, plus dem suppose dey watch upcoming macroeconomic data and regulatory developments for signs on how altcoin go perform and how market go stable.
Bullish
Di news dey mix strong technical an on-chain signals wit recent price action to show say Shiba Inu get overall bullish outlook. Di inverse head an shoulders pattern, big token burn, an solid trading volume show say medium-term upside dey possible. Even tho di 7% drop an positive exchange netflows dey signal short-term selling pressure an market volatility, Shiba Inu di perform better compared to Dogecoin an renewed retail interest dey support di bullish case. Traders suppose balance dis indicators with di upcoming macroeconomic an regulatory wahala, an manage risk to fit make profit.