Shiba

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Shiba Inu

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inus-market-outlook-amid-recent-price-fluctuations/" data-wpel-link="internal">Shiba Inu’s Market Outlook Amid Recent Price Fluctuations</a> 
Despite the sharp price drop in the last days of the past week, <a href="https://en.coin-turk.com/shiba-inu-price-predictions-and-current-shib-chart-comments/" data-wpel-link="internal">Shiba</a> Inu’s marketing team member Lucie still appears to maintain an optimistic view on SHIB’s price, indicating that SHIB still holds a perspective towards a super cycle. 
<h2 style="text-align: justify" id="is-shib-price-gearing-up-for-a-rise">Is SHIB Price Gearing Up for a Rise?</h2> 
Lucie, on Wednesday, April 17, made statements to X that shed light on Shiba Inu’s future using past data from <a href="https://coin-turk.com/wall-streetten-sok-bitcoin-altin-grafigi" data-wpel-link="internal">Bitcoin</a>. 
Lucie shared a <a href="https://en.coin-turk.com/bitcoin-whales-show-renewed-interest-as-prices-surge/" data-wpel-link="internal">Bitcoin</a> analysis chart that shows the market’s progress from 2015 to 2024, emphasizing key phases including a bottom stage, a reaccumulation stage, and a bull process. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-341912" src="https://coin-turk.com/wp-content/uploads/2024/04/lucie-coin-turk-com.png" alt="" width="474" height="450"> 
Lucie highlighted the numerous green and red candles in the Bitcoin chart. On the other hand, looking at when the bottom stage occurs, it is generally seen when a cryptocurrency’s price is below expectations and shows signs of minor growth. 
Meanwhile, the reaccumulation stage is a period when investors start buying cryptocurrency at a very cheap price with the expectation of a bull market. 
Looking at the Bitcoin analysis chart, since Bitcoin did not fully enter a bull cycle starting in 2015, it went through a bottom and reaccumulation stage from 2017 to 2018. 
A similar situation occurred in 2019 with Bitcoin hitting a new bottom and investors entering a reaccumulation phase, leading to a clear rise in <a href="https://en.coin-turk.com/crypto-analysts-latest-bitcoin-analysis-what-lies-ahead-for-btc/" data-wpel-link="internal">BTC</a> price from 2020 to 2021, which was interpreted as the continuation of a new bull. 
Considering these historical price movements, Lucie emphasizes that a new bull cycle could reoccur between 2024 and 2025 following a reaccumulation phase that happened in 2023. 
<h2 style="text-align: justify" id="how-much-is-shiba-inu-now">How Much is Shiba Inu Now?</h2> 
In the last 30 days, SHIB’s price has significantly dropped, which meant a 23.24% decline. This price trend continues with the cryptocurrency recording a further drop of 21.99% within just a week. 
On the other hand, it is discussed that whales are also accumulating tokens. After the sharp declines, a whale was seen purchasing 223 billion SHIB tokens valued at more than 5.7 million dollars at a price of $0.00001830. 
According to the data obtained, SHIB is trading at $0.00002261 after a 2% rise at the time of writing, which could be interpreted as the price still trading at the same levels after the drop on Saturday. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inus-market-outlook-amid-recent-price-fluctuations/" data-wpel-link="internal">Shiba Inu’s Market Outlook Amid Recent Price Fluctuations</a></h5>

Shiba Inu’s Market Outlook Amid Recent Price Fluctuations

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