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Shiba Inu: Negative sentiments rise; trend reversal seems likely, here’s why

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As the wait for the much-hyped Shiba Inu’s [SHIB] Shibarium launch continues, the market’s overall sentiment around SHIB seems to have taken a toll.

Santiment’s chart revealed that SHIB’s weighted sentiments shifted towards the negative side during the last two days, reflecting that the investors were hesitant to bet on SHIB.

Source: Santiment Read Shiba Inu’s [SHIB] Price Prediction 2023-24 SHIB’s performance on the price front was in the sellers’ favor, as its daily and weekly charts were red.

According to CoinMarketCap, SHIB was down by over 2% in the last 24 hours. At the time of writing, it was trading at $0.00001098 with a market capitalization of more than $6 billion.

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