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Shiba Inu (SHIB) Price at Risk as Dormant Holders Move Tokens Beincrypto 1 ай бұрын

Shiba Inu (SHIB) Price at Risk as Dormant Holders Move Tokens 📉

Cryptocurrency SHIB Shiba Inu
Shiba Inu (SHIB) has encountered unusual activity, with a recent 9.33% seven-day price drop. Key drivers of potential further declines include a significant spike in dormant circulation, which suggests long-term holders are cashing out. Recent data shows dormant circulation surged to 211.78 billion. This increase in sell orders could overwhelm buy orders, putting downward pressure on SHIB's price. Exchange inflow data also indicates heightened selling, with SHIB inflow surpassing 1 trillion. A technical analysis using the Exponential Moving Average (EMA) indicates a bearish trend, with SHIB trading below the 20 and 50 EMAs. If this trend continues, SHIB could drop to $0.000016, but a break above the shorter EMA might see it rise to $0.000019 or even $0.000021.

Source: beincrypto.com ↗

Ұқсас мақалалар (84)

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Shiba Inu (SHIB) Open Interest Hits Lowest Since February Amid Market Activity Drop
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Shiba Inu Faces Continued Downtrend Amid High Transaction Volume and Selling Pressure
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Shiba Inu (SHIB) Price Plummets Over 22%: Potential for Further Decline Looms
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Shiba Inu (SHIB) Confirms Death Cross, Signaling Continued Bearish Trend Amid Price Decline
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Shiba Inu (SHIB) Shows Potential Rebound Despite Meme Coin Market Crash
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SHIB Price Decline Continues: Bears Lead as Key Support Approaches
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Shiba Inu Faces Bearish Outlook Despite Bullish Pattern and Whale Activity
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Shiba Inu (SHIB) Faces Significant Decline Amid High Transaction Volume and Market Volatility
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Shiba Inu (SHIB) Faces Bearish Trend: Significant Price Drop Raises Investor Concerns
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Shiba Inu’s Troubles Deepen as Transaction Volume Falls Below $1 Trillion Threshold
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Shiba Inu (SHIB) Faces Bearish Trends as Price Declines and Burn Rate Plummets
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Shiba Inu Price Faces Potential 17% Correction as Whale Outflows Continue
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SHIB Price Struggles: 71% of Holders in Loss Amid Bearish Trend and Risk of Further Decline
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