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Shiba Inu price eyes a 108% rally to $0.000028 as it teases a breakout from an accumulation zone

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Summary
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55% Informative

Shiba Inu price eyes a 108% rally to $ 0.000028 as it teases a breakout from an accumulation zone.

The MVRV ratio has dropped to Q3 2024 lows, and if history rhymes, an upward breakout is likely to happen.

The ratio of daily transaction volumes in profit to loss has fallen to a two-month low, indicating that most SHIB holders are sitting in losses.

Despite bullish tailwinds, SHIB value today remains subdued and is down by 15% from its April highs.

VR Score

35

Informative language

28

Neutral language

10

Article tone

formal

Language

English

Language complexity

31

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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