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Analyst Eyes Gradual Shiba Inu Breakout: Here’s Why

Summary by The Crypto Basic
A popular crypto analyst believes Shiba Inu could be approaching a major technical turning point after spending years trading beneath a key descending resistance trendline. Sharing daily and weekly Binance SHIB/USDT charts, analyst Eunice Wong argued that Shiba Inu has built a long-term bottoming structure and is now attempting to break above the descending trendline that has capped every major rally since the token reached its all-time high in …
DisclaimerRead with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

6 Articles

🚨 Over 226 billion SHIB tokens were returned to exchanges on Shiba Inu as of August 1st. 📉 Net inflow from the exchange decreased by more than 97% in the last 24 hours, with selling pressure dominating. 📈 Despite this, $SHIB rose by more than 7% during the day and on-chain...

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http://coinprofitnews.com broke the news on Sunday, August 2, 2026.
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