Shiba Inu has seen 388% increase in large transactions in last 24 hours
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Shiba Inu prices have fallen since the start of the week, reaching lows of $0.00000671 on Oct. 11. Shiba Inu was down 1.16% in the last 24 hours to $0.00000678 at the time of writing. Shiba Inu fell to lows not seen since June of this year as the market experienced a sell-off.Shiba Inu is dropping in step with the crypto market, and if today finishes in the negative, it will be the fifth straight day of losses.If Shiba Inu continues to fall, the $0.
If Shiba Inu makes a bullish rebound, a break above the moving average MA 50 at $0.00000746 and subsequently the moving average 200 at $0.00000853 might spark a new rally.Shiba Inu traders might also pay attention to the general market trend. Crypto traders are keeping watch on U.S inflation statistics, which could help define the Federal Reserve's next policy actions, a day after the release of the minutes from the Fed's most recent meeting revealed officials were cautious.
The September consumer price index data for the United States is due today, and it is expected to reveal that inflation eased last month. Thursday's CPI publication follows a mixed report on U.S. producer prices and the minutes from the Fed's September meeting on Wednesday.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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