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Shiba Inu remains under pressure, both technically and fundamentally. The failure to break through the $0. level leaves the trend in bearish territory, and price SHIB staged an impressive rally with strong buying pressure pushing the token from 0. to 0. . Significant volume spikes above the 24-hour average Since March, SHIB ‘buying pressure’ has stayed around 70%, reaching a high of 77% in the last week of May. Shiba Inu ‘buy’ orders, on the other hand, decreased between A few weeks later, SHIB partially recouped the $0. benchmark, but the buying pressure wasn’t tough enough to keep it above this level. SHIB ‘s price dropped by However, data from Coinbase shows that despite the dip, Shiba Inu is attracting heavy buying pressure in the market. Also Read: SHIB: Shytoshi Responds to Since March, SHIB ‘buying pressure’ has remained below 70%, peaking at 77 percent in the last week of May. Orders for ‘purchase’ on Shiba Inu, on the other hand, fell Despite a slight dip in Shiba Inu price, the overall market sentiment remains optimistic, with many investors still bullish on its long-term potential. While market volatility

Shiba Inu Buying Pressure Gains Steam Despite the Dip: What's Driving the SHIB Surge?

Is Shiba Inu (SHIB) poised for a comeback? Despite recent market volatility and a slight price dip, Shiba Inu remains under pressure, both technically and fundamentally. The failure to break through the $0. level leaves the trend in bearish territory. However, contrary to the bearish trend, data indicates increasing buying pressure, suggesting a potential shift in market sentiment.

Shiba Inu's Rollercoaster: Rally and Retreat

SHIB staged an impressive rally with strong buying pressure pushing the token from 0. to 0.. This surge ignited excitement within the Shiba Inu community, fueled by significant volume spikes above the 24-hour average. But can this buying momentum sustain itself?

A few weeks later, SHIB partially recouped the $0. benchmark, but the buying pressure wasn’t tough enough to keep it above this level. SHIB ‘s price dropped by... highlighting the inherent volatility of the cryptocurrency market.

Decoding the Buying Pressure: Coinbase Data Reveals Investor Confidence

While the price chart may tell one story, data from Coinbase shows that despite the dip, Shiba Inu is attracting heavy buying pressure in the market. This discrepancy raises an important question: why are investors continuing to accumulate SHIB even amidst price fluctuations?

Since March, SHIB ‘buying pressure’ has stayed around 70%, reaching a high of 77% in the last week of May. This sustained level of buying activity suggests a strong belief in Shiba Inu's long-term potential. However, it's important to note that Since March, SHIB ‘buying pressure’ has remained below 70%, peaking at 77 percent in the last week of May. Orders for ‘purchase’ on Shiba Inu, on the other hand, fell... indicating a complex interplay of factors driving the price action.

Long-Term Optimism Prevails: Is SHIB a Good Investment?

Despite a slight dip in Shiba Inu price, the overall market sentiment remains optimistic, with many investors still bullish on its long-term potential. While market volatility is inherent in the crypto space, the consistent buying pressure suggests that a significant portion of the Shiba Inu community remains confident in the project's future.

However, remember that investing in cryptocurrency carries risk. Conduct thorough research and consider your own risk tolerance before making any investment decisions. Also Read: SHIB: Shytoshi Responds to... (Stay tuned for more updates and insights into the Shiba Inu ecosystem.)

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