Shiba Inu (SHIB) Has Recently Experienced a Sharp Decline: Investors Are Cautious

Shiba Inu (SHIB), which has an important place in the cryptocurrency market, has experienced a significant loss of value in recent weeks. This decline has led investors to reassess their positions, particularly causing a rapid closure of long positions in futures.

While liquidations in long positions have noticeably increased in recent days, the drop in the long-short ratio to 0.93 indicates that investors are acting more cautiously regarding SHIB. The rapid decrease in long positions compared to short positions suggests a rising perception of risk in the market.

What Do Liquidation Data and Technical Indicators Say?

Especially in long positions, there has been a liquidation of over $1.8 million, while the liquidation in short positions remained below $500,000. This scenario indicates that SHIB investors have abandoned their bullish expectations and have turned towards a more cautious approach.

According to CoinGlass data, there has been a 2.14% decrease in open positions in derivative markets. Forced liquidations reached up to $244,000. This data reveals that the uncertainty in the market is also reflected in technical indicators.

In terms of price, SHIB has lost about 10% of its value since June 12. However, the significant technical support level of $0.00001100 has continued to be maintained so far. This level stands out as a short-term reference point for price movements.

Market Sentiment and Possible Scenarios

Short-term technical indicators are signaling a possible recovery. While the RSI (Relative Strength Index) is at low levels, signs of improvement are also observed on the MACD indicator. AI-supported analyses suggest that these technical data may indicate a potential trend reversal for SHIB.

CoinDesk AI notes that SHIB staying above the $0.00001100 level increases the likelihood of upward momentum in price movements.

Despite the drop in price, the increase in trading volume indicates that investor interest is sustained. Experts state that it is critical for SHIB to maintain this support level and to have daily closures above it to initiate a new wave of upward movement.

Conclusion: SHIB Investors Should Be Cautious

The current technical picture of Shiba Inu indicates that investors need to act more consciously and cautiously. While prices are holding at critical support levels, closely monitoring real-time developments, on-chain data, and technical signals is of great importance.

SHIB's performance in the coming days will depend on the strength of these support levels and the overall direction of the market.


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