Shiba Inu (SHIB) Price on the Edge: Breakout or Breakdown Ahead?
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Shiba Inu is trading within a descending triangle pattern, indicating potential for significant price movement. The cryptocurrency is experiencing low trading volume and a 495% surge in token burn rate, creating uncertainty about its next directional move.
March 22, 2025 | 5:30 am
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Technical analysis suggests SHIB is compressed in a descending triangle, with potential for significant price volatility. Token burn and low trading volume are key factors to monitor.
The cryptocurrency is in a consolidation phase with equal probability of bullish or bearish breakout. Low trading volume and high token burn rate create uncertainty, making a neutral short-term outlook most appropriate.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100