Shiba Inu Long Positions Surge Despite 25% Price Drop Over A Month — Case For Buying This Dip?

Shiba Inu (CRYPTO: SHIB) has exhibited a lackluster price action over the last month, but a few crucial technical indicators tied to the dog-themed cryptocurrency signaled a rebound.

What happened: The world’s second-largest meme coin by market capitalization was in the middle of a corrective phase, falling over 3% over the week and around 25% in a month.

About 55% of SHIB holders were under losses at the time of writing, according to data from IntoTheBlock, while the network growth rate was sluggish.

However, …

Full story available on Benzinga.com