Shiba Inu (SHIB) Poised For Significant Breakout: Here’s What To Watch Out For

Shiba Inu (SHIB) Poised For Significant Breakout: Here’s What To Watch Out For
Shiba Inu (SHIB) has faced challenges in maintaining the level of liquidity it once enjoyed. In recent weeks, the coin has exhibited minimal volatility, leaving many investors wondering about its future direction.  However, despite the apparent inactivity, various indicators hint at the possibility of a substantial price movement in the near future. As the path ahead for SHIB seems somewhat restricted, it raises the question of where the coin may head next and what potential opportunities or hurdles lie ahead. Related Reading: Bedrock Upgrade: How Optimism Game-Changer Could Impact OP Price Shiba Inu (SHIB) Liquidity Woes During the peak of the 2021 bull market, Shiba Inu (SHIB) emerged as a prominent player, spearheading price rallies that garnered significant attention. As a result, ShibaSwap, the decentralized exchange associated with SHIB, experienced a surge in Total Value Locked (TVL), reaching an impressive $1.75 billion. However, the previously soaring TVL has taken a massive hit, plummeting to just $25.16 million, according to DefiLlama. At first glance, this dramatic decline in TVL may raise concerns about a potential liquidity crisis. Yet, a c ..

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