Shiba Inu (SHIB) Hits New Milestone as Reversal Signals Emerge

Shiba Inu prints big capitulation signal

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Shiba Inu's recent performance is not surprising: On-chain analytics firm Santiment observed profit taking on the Shiba Inu network.observed on Oct. 6 that Shiba Inu traders were showing mild panic, and the network had one of the highest levels of trader loss-taking versus profit all year.Having said that, Shiba Inu might be a candidate for a price rebound after this big capitulation signal. If Shiba Inu decides to move, a potential upside goal might be $0.00000758.

Although the price remains in the red, some Shiba Inu measures have reverted to the green. For instance, the Shiba Inu dailyreports that in the last 24 hours, a total of 79,397,839 SHIB tokens were burned in 28 transactions. Furthermore, 341,152,570 SHIB tokens were burned in 162 transactions over the last seven days. In monetary terms, this equates to $2,490.data, Shiba Inu has also reached a new milestone in terms of total addresses, which now stands at 3.61 million.

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