Shiba Inu Price Prediction: SHIB Trades in a Cooling Phase After Early-Month Rally
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Shiba Inu (SHIB) maintains above key Fibonacci support levels despite entering a cooling phase after an earlier rally. Current price action indicates consolidation, with traders reducing leverage exposure, suggesting a cautious market environment. The broader short-term trend remains positive, with buyers still in control.
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- SHIB holds above key Fib support, keeping the pullback corrective rather than bearish
- Compressed volatility and lower highs suggest consolidation before a decisive breakout
- Derivatives and spot flows show fading conviction as traders reduce leverage exposure
Shiba Inu entered a cooling phase after posting a sharp impulse rally earlier this month. Price action shifted into consolidation as momentum slowed below the recent swing high. Despite this pause, the broader structure remains constructive on the 4-hour timeframe. Traders continue to monitor whether this pullback signals trend continuation or a deeper retracement.
Short-Term Structure Shows Controlled Pullback
On the 4-hour chart, SHIB continues to trade above the mid-range of its prior impulse move. This positioning suggests buyers still control the broader short-term trend.
However, recent candles fo…
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