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Shiba Inu Price Forms Symmetrical Triangle Amid 77M SHIB Losses

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Summary
Nutrition label

60% Informative

Shiba Inu (SHIB) price has decreased in the past 24 hours , mirroring the overall industry-wide downturn.

Bitcoin (BTC) and ETH ( ETH ) are also under a price drop and significant liquidations.

The price of SHIB has been oscillating within a contracting range, suggesting a huge price movement is imminent.

The analyst highlights that the price is currently in the middle of building a symmetrical triangle pattern, signifying a breakout.

The recent surge of the 30 day MVRV ratio above zero for SHIB seems to hint at increased demand.

VR Score

37

Informative language

23

Neutral language

33

Article tone

formal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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