Shiba Inu price poised for reversal as T. Rowe Price signals backing with SHIB inclusion in Multi-Coin ETF

💡 DMK Insight

Shiba Inu’s price stabilization could signal a shift in altcoin sentiment, especially with institutional interest rising. The recent ETF filing by T. Rowe Price, which includes SHIB, is a significant development. It suggests that institutional players are starting to recognize the potential of Shiba Inu, which could lead to increased buying pressure. Traders should keep an eye on the support levels forming around current prices, as a solid base could attract more retail investors. If SHIB can hold above its recent lows, it may set the stage for a breakout, particularly if broader market conditions remain favorable. However, it’s worth noting that while SHIB is stabilizing, the overall altcoin market can be volatile. Traders should monitor the correlation with major assets like SOL and LTC, as shifts in their price action could impact SHIB’s trajectory. Watch for key resistance levels; if SHIB can break above them, it might trigger a wave of bullish sentiment. Keep an eye on the daily charts for any signs of momentum shifts.