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Crypto

Shiba Inu Eyes Breakout After Japan Support

Guavy AI Editorial Team
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SHIB
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Shiba Inu (SHIB), one of the most traded dog-themed coins in crypto, is eyeing a breakout after gaining support from a Nomura-backed digital asset platform in Japan. According to Coin Gabbar, SHIB currently trades around $0.000005376, up 1.7% in the last 24 hours.

The price of SHIB broke out of two descending channels on the daily chart and is respecting a rising trendline. This signals that sellers are losing grip and could lead to further gains.

The community is treating the support from Nomura-backed Laser Digital Japan as another sign of SHIB's growing reach beyond its meme coin roots.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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