Shiba Inu

<ul><li>SHIB&#39;s RSI nearing oversold conditions suggests potential for price reversal.</li><li>Tightened Bollinger Bands indicate imminent significant price movement.</li><li>High burn rate of 266.94% reflects aggressive supply reduction efforts.</li></ul><a href="https://cryptotale.org/shiba-inu-shib-poised-for-222-growth-amid-bullish-signals/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> meme coin is currently facing bearish market trends, with technical indicators showing potential market shifts ahead. The meme token, at the time of publication, was trading at <a href="https://www.coingecko.com/en/coins/shiba-inu" rel="noopener noreferrer nofollow">$0.00002188,</a> and has seen market activity with a daily volume of $586,336,477.However, the price remains below its 100-day Exponential Moving Average (EMA) at $0.0000223, signaling a continued downtrend. The Bollinger Bands (BB) have tightened, suggesting an imminent significant price movement. The Relative Strength Index (RSI) is at 37.83, nearing the oversold threshold.SHIB’s market cap stands at $13,075,235,127, classifying it as a major crypto token. The initial supply was 410,726,546,023,229 SHIB, but significant burns have reduced the total supply to 589,273,453,976,770 SHIB <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">according to data</a> from Shibburn, SHIB’s data tracker.<a href="https://cryptotale.org/bears-grip-shiba-inu-shib-amid-high-burn-rate-and-low-volatility/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bears Grip Shiba Inu (SHIB) Amid High Burn Rate and Low Volatility

CryptoTale

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