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Shiba Inu price up


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On August 9th, SHIB experienced a notable 5.75% price surge, reaching $0.00001005, marking a continuation of its rebound trend initiated two days earlier. Overall, the price has managed to reverse approximately 15% from its recent low of $0.0000947. A substantial portion of these gains materialized on August 8th, coinciding with BitPay's announcement of "Bill Pay," a fresh service enabling cryptocurrency users to settle bills directly from their wallets. Additionally, the token could have benefited from the broader positive momentum in the cryptocurrency market, propelled by optimism regarding the potential approval of a spot Bitcoin ETF in the U.S. Looking ahead to Shiba Inu's price forecast for August 2023, a fractal analysis indicators suggest potential exhaustion in SHIB's short-term uptrend.

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This hopeful rally comes after a somewhat tumultuous period for the token. After the token saw a 14% reversal, managing to stay buoyed above the $0.000009 mark. Investors and crypto enthusiasm closely tracking SHIB's performance on Bitget exchange offer a glimmer of hope, especially as the digital currency grappled to maintain its position above $0.00001 recently.

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