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Shiba Inu Price Forms Symmetrical Triangle Amid 77M SHIB Losses

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Summary
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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.