In accordance with The Crypto Basic, a community analyst known as Shib Knight has highlighted a potential shift in momentum for Shiba Inu (SHIB), noting that buyers are returning to the token. SHIB recently traded at $0.00000870, showing a 1.28% intraday gain, with tighter market structure and higher lows indicating bullish pressure. The token has been forming a sideways trend with periodic upward pushes, suggesting accumulation. SHIB is up 1.3% in the past 24 hours and 6.83% in the past week, aligning with a broader relief rally in the crypto market. However, historical data from CryptoRank shows December has been bearish for SHIB in recent years, with an average monthly decline of 9.84%.
Shiba Inu Analyst Notes Bullish Momentum as Price Stabilizes
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