Key Notes

SHIB price broke out of a symmetrical triangle after a 10% weekly gain, signaling potential bullish momentum.

Exchange balances dropped nearly 1% in two weeks, reducing selling pressure.

Rising Spent Coins Age Bands suggest possible profit-taking and risk of a price correction.

After a 10% weekly upside, the Shiba Inu SHIB $0.000013 24h volatility: 4.2% Market cap: $7.75 B Vol. 24h: $412.98 M price rally has stalled. However, the falling SHIB exchange supply could serve as a catalyst moving forward.

SHIB has been an underperformer in the recent altcoin market, but technical chart patterns suggest that this is about to change. Investors are on edge as the bulls and bears face off at a crucial point.

At the time of writing, the Shiba Inu price is

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