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Shiba Inu price dips 2.18% after a 4.7% surge amid mixed signals from technicals and on-chain data

Technical Signals
30 Mar 2026
Coinpaper
View Source
Neutral
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Shiba Inu (SHIB) saw a short-term price pullback of 2.18% following an earlier 4.7% rise to $0.00000604, with volume spiking 43.8% during the surge. The price movement was initially supported by Bitcoin's rise toward $70,000, boosting altcoins. A bullish golden cross formed on SHIB's hourly chart, but the recent decline raises doubts about its strength, as hourly signals can be unreliable. On-chain data shows over 30 billion SHIB tokens were withdrawn from exchanges in 24 hours, indicating accumulation by long-term holders who seem to be buying the dip rather than selling. Despite the pullback, these signs suggest underlying demand remains strong, though caution is advised until SHIB stabilizes and reclaims lost ground.

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