Shiba Inu Price Forecast: SHIB Shows Promising Rebound from Recent Low - Has Sell-Off Come to an End?

The Shiba Inu price has barely moved in the past 24 hours, with its current level of $.00000850 representing a 2% drop in the last seven days, amid an uncertain period for the cryptocurrency market.

SHIB is also down by 19% in the past month but up by 5% since the beginning of the year, a period which has provided many major cryptocurrencies with much bigger gains.

However, despite its inertia over the past day, SHIB is actually up by 1% from a low recorded yesterday, suggesting that the altcoin may be on the brink of regaining some much-needed momentum.

And with the launch of the long-awaited Shibarium layer-two network, SHIB could indeed have some significant rallies in store in the coming weeks, with the coin looking as though it has reached a bottom.


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