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$SHIB is currently trading around a key demand area where buyers have shown interest in the past. This zone already proved its importance by triggering a strong reaction earlier, which makes the current price behavior worth watching closely. The pullback so far looks controlled, not aggressive, suggesting sellers are not fully in charge.
If SHIB manages to hold this area and starts forming higher lows on lower timeframes, it could indicate that accumulation is taking place rather than distribution. These types of pauses often appear before continuation moves, especially when they occur at well-defined support. A clean reaction from here would strengthen the bullish case and open the door for a move back toward recent highs. Until then, patience is important. Let price confirm direction instead of guessing.
The market will always show its hand if you give it enough time.
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