#ProjectCrypto Shiba Inu collapses: is it time to enter or flee?🦊$SHIB
#TrumpTariffs The price of Shiba Inu, the second largest memecoin in the market, has experienced a sharp decline in recent days. In this analysis, we evaluate whether it is an entry opportunity or if it is preferable to stay on the sidelines.
At the time of writing, the price of SHIB is trading at $0.0000119, with daily losses of 3.6%, weekly losses of 16%, and monthly losses of 0.2%. Although the price is still far from the target projected by its community, the development team remains committed to a long-term vision and has not lost focus:
What is driving the price of SHIB down?.
The decline of SHIB is part of a generalized downward trend in the crypto market, which began with the recent drop of Bitcoin from the $118,000–$119,000 range to critical levels around $112,000. This pullback has dragged down other digital assets, including Shiba Inu.
The downward pressure also responds to significant macroeconomic factors. At the end of July, the Federal Reserve decided to maintain high interest rates, which weakened investor confidence and caused a correction in risk markets.
In addition to this, the tariff policies proposed by Donald Trump and the threat of sanctions against countries allied with Russia have favored the US dollar, which has gained more than 3% in the last four weeks.