Buy-side pressure among Shiba Inu holders has weakened since its price hit an intraday high of $0.00001406 on Saturday. Trading at $0.00001304 at press time and hovering just above a critical support level of $0.00001295, SHIB appears poised for further declines in the near term. SHIB Investors Shift to Short-Term Profits SHIB investors have reduced…
Leading meme coin Shiba Inu (SHIB) has been caught in a descending parallel channel since July 23, shedding over 20% of its value. On-chain data suggests that the altcoin could face additional bearish pressures, with waning demand pointing to a further downward move. SHIB Faces Bearish Pressure as Investor Confidence and Demand Fade Readings from…
Shiba Inu has been experiencing a continued decline over the last two weeks, with the meme coin leader now facing the possibility of further losses. The ongoing downtrend signals that SHIB is losing momentum, primarily due to diminishing investor support, which has led to a 21% price drop. Shiba Inu Losses Monunt The number of…
Shiba Inu (SHIB) has seen a notable drop in price recently, erasing more than half of the gains it achieved in July. Currently trading at $0.00001297, the meme coin has faced headwinds, including a 16% decline over the past week. While this downturn may seem concerning, August is historically a moderately bearish month for SHIB,…
Top meme coin Shiba Inu is showing signs of an extended bearish trend as large investors ramp up profit-taking activities. This wave of selling pressure has triggered a decline in the meme coin’s value, pushing it below its ascending parallel channel—a key structure that had supported its price action from June 22 through July 27….
Shiba Inu (SHIB) has seen a significant drop in price over the past week, triggering bearish sentiment among traders. This has led to a wave of selling pressure in the market. However, should SHIB recover, it could cause substantial losses for short traders who are betting against the altcoin. Shiba Inu Traders Should Be Aware…
Top meme coin Shiba Inu has been on a steady upward trend since June 22, logging a 22% price increase. As the meme coin continues to show signs of resilience, on-chain indicators suggest that SHIB’s rally might not be over yet. Two major signals stand out: a key cluster of capital sitting above the current…