Shiba Inu (SHIB) Price Plummets Over 22%: Potential for Further Decline Looms
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The Shiba Inu (SHIB) cryptocurrency is experiencing a significant decline for the second week in a row. Despite showing a brief bullish movement in mid-July, the price failed to hold above critical levels, leading to a plummet of over 22%. This downtrend raises concerns about the potential for further declines in SHIB's value.
Investors and market watchers are closely monitoring SHIB as it continues to face volatility. Some experts believe that unless there is a positive catalyst, the cryptocurrency may experience further losses. Technical indicators and market sentiment currently suggest a bearish outlook for SHIB.
This trend reflects broader market conditions where other cryptocurrencies are also struggling to maintain stability. However, SHIB's sharp decline stands out, drawing attention from both enthusiasts and skeptics of the meme-based cryptocurrency.
Source: en.coinotag.com ↗
