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SHIB's open contracts experienced a big dump of 17%. Analysts say a rebound may follow after a short-term adjustment.

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[Coin World] SHIB has recently been struggling. Market panic sentiment is spreading, and traders have started to frantically Close Position, with open contracts being cut by 17%, now resting at around 100 trillion Tokens. The coin price has also not been spared, falling by 3.81%, reported at $0.000008504.

However, some people believe there is no need to panic. A few analysts have looked at the market, and although it is indeed a bit bearish in the short term, this drop may just be a interlude. They anticipate that there might be a reversal in the coming month, after all, it has fallen quite a bit at this position.

The market is like this; when it falls, people are anxious, but it is often a time when opportunities are brewing.

SHIB-1.5%
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DisillusiionOraclevip
· 12-02 14:51
Analyst predictions are all nonsense; it's better to let your own Wallet speak.
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GetRichLeekvip
· 12-02 09:07
It's starting again. Is this really an excellent buy the dip position, or will it continue to plummet to the core of the Earth?
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FloorSweepervip
· 11-29 15:29
It fell again and again, is this really the bottom? --- Analysts say there will be a rebound, can we believe it? They said the same last time. --- 17% of the contracts got liquidated, scamcoins are indeed scamcoins. --- I just want to know who still dares to catch a falling knife at this price... --- Opportunity? Bro, this is just a trap, right? --- After such a big fall, it actually becomes a bit interesting. Should we buy the dip and give it a try? --- I can't stop laughing, a one-month reversal... Analysts really have a way with words. --- Is SHIB still alive? --- Those who go in now are all suckers, just waiting to be played for suckers. --- When will the bottom appear? Who can say for sure?
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ChainWanderingPoetvip
· 11-29 15:28
It's again this same trap, why do analysts always love to say "the bottom has been reached"?
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TeaTimeTradervip
· 11-29 15:16
Analysts are saying Rebound again... They said the same last year.
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NFTArtisanHQvip
· 11-29 15:15
ngl the whole "paradigm shift through panic" narrative is kinda tired at this point... but yeah the liquidation cascade does feel like genuine capitulation, which theoretically should signal some floor-forming mechanics. though calling this an "aesthetic reset" in tokenomics terms might be overselling the technical infrastructure here
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LiquidationWatchervip
· 11-29 15:02
Here it comes again, the analysts are starting to draw the pie again, reversal reversal, daily reversal.
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