Shiba Inu Price Drops 22% Due to SHIB Holders’ Skepticism
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Shiba Inu's price saw a significant 22% drop due to rising bearish sentiment among investors. This is evident in the shift in the funding rate, indicating that SHIB investors have anticipated a decline.
The Chaikin Money Flow (CMF) shows substantial outflows, reflecting increased caution or dissatisfaction. This two-month high in withdrawals underscores the shift in sentiment.
Shiba Inu’s price fell to $0.00001105, breaching previous support. It might decline further to $0.00000898 but could recover by turning $0.00001473 into support. Current challenges make this recovery difficult, but a bullish shift could reverse the downtrend.
Fonte: beincrypto.com ↗
