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Shiba Inu Price Sits in 'Buy Zone' Could 17X, Says Analyst

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Summary
Nutrition label

59% Informative

Shiba Inu price is currently sitting in a strong buy zone, suggesting that a strong upward move is on the horizon.

The meme coin market is edging higher and tracking Bitcoin (BTC) after the king coin surged to $ 88,000 for the first time in three weeks .

The falling SHIB supply on exchange indicates that a surge in demand at the current price could trigger a supply squeeze.

Open interest has also surged by 43% in two weeks to $135M, showing conviction among traders that the meme coin is about to make a major move.

VR Score

35

Informative language

20

Neutral language

18

Article tone

formal

Language

English

Language complexity

30

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

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not detected

Time-value

short-lived

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