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Shiba Inu in danger of 'topping signal' as SHIB price loses 50% in 3 weeks
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Meme-cryptocurrency Shiba Inu (SHIB) has lost more than 50% of its market valuation in three weeks since its all-time highs in late October.
SHIB price dropped to as low as $0.00004251 on Nov. 19 after correcting by almost 55% from its all-time high of $0.00008854. Its price recovered a small portion of its losses on Friday, but the move looked indecisive due to weaker trade volumes, i.e., not many traders supported the rebound trend.
Some analysts noted that a sharp pullback in the Shiba Inu market was unavoidable after its price skyrocketed by more than 1,100% since Oct. 1.
For instance, an independent market analyst, under the pseudonym John Wick, called SHIB's ongoing price correction a "topping signal," thus suggesting additional
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