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Has Shiba Inu begun its recovery, how far can it go
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Shiba Inu held the 13th rank on the CoinMarketCap, just behind Dogecoin at 12th. Shiba Inu had a market cap of $19.67 billion. It has been in a downtrend since late October when the prices reached an ATH of $0.08854 (Note: All SHIB prices in the following article are 1000x the actual value, to do away with long decimal places. For example, a SHIB price of $0.00003319 was written as $0.03319).
At the time of writing, SHIB had tested an important area on the charts and climbed back above a level of support. Has Shiba Inu really turned a corner on the charts? If so, how high can it go from here on?
Source: SHIB/USDT
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