Overview

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Proponents believe Shiba Inu's burn is a key driver of bullish sentiment in the ShibArmy. The so-called Dogecoin-killer's price has plummeted 88% from its all-time high and According to CoinMarketCap data, Shiba Inu price is down by 20% in the last 30 days. From a monthly high of $0. , SHIB has plunged to a low of $0. The Shiba Inu (SHIB) price downtrend is expected to extend beyond the current 30% as the meme coin is losing the backup it had gained over the past few weeks. Shiba Inu price sees a drop amid a surge in burn rate and increased whale transactions. Uncover the potential for a market rebound as SHIB dynamics shift. The Shiba Inu price has plummeted by 20% today, with the meme token dropping to $0. amid whale dumps and a general market selloff. Hace 4 días Shiba Inu SHIBUSD, the dog-themed meme coin, has in the last 24 hours experienced a huge plunge in transaction volume. This has triggered a pullback on the part of Hace 4 días IntoTheBlock data shows a significant plunge in whale activity within the Shiba Inu ecosystem over the past month. Notably, large inflows plummeted to under 2 trillion from 8 This scenario would be invalidated if a price drops below $0. , breaking the macro higher low structure. Momentum indicators are currently resetting, and RSI

Shiba Inu Price Plummets 20% This Month: Is a Rebound on the Horizon?

The Shiba Inu (SHIB) price has experienced significant volatility recently. According to CoinMarketCap data, Shiba Inu price is down by 20% in the last 30 days. The Shiba Inu price has plummeted by 20% today, with the meme token dropping to $0. amid whale dumps and a general market selloff. From a monthly high of $0., SHIB has plunged to a low of $0.

What's Causing the SHIB Downturn?

Several factors are contributing to the current Shiba Inu price decline. The Shiba Inu price sees a drop amid a surge in burn rate and increased whale transactions. Hace 4 días Shiba Inu SHIBUSD, the dog-themed meme coin, has in the last 24 hours experienced a huge plunge in transaction volume. This has triggered a pullback on the part of Hace 4 días IntoTheBlock data shows a significant plunge in whale activity within the Shiba Inu ecosystem over the past month. Notably, large inflows plummeted to under 2 trillion from 8 The Shiba Inu (SHIB) price downtrend is expected to extend beyond the current 30% as the meme coin is losing the backup it had gained over the past few weeks.

Is a Rebound Possible?

Despite the recent struggles, hope remains for a potential Shiba Inu rebound. Uncover the potential for a market rebound as SHIB dynamics shift. Proponents believe Shiba Inu's burn is a key driver of bullish sentiment in the ShibArmy. The so-called Dogecoin-killer's price has plummeted 88% from its all-time high, presenting a potential buying opportunity for some.

Technical Analysis and Key Levels

Analysts are closely watching key price levels for signs of a reversal. This scenario would be invalidated if a price drops below $0. , breaking the macro higher low structure. Momentum indicators are currently resetting, and RSI may indicate oversold conditions soon, potentially signaling a buying opportunity.

Disclaimer: Cryptocurrency investments are highly speculative and carry significant risk. Always conduct thorough research and consult with a financial advisor before investing.

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