#shibShiba Inu (SHIB) Price History Leaves No Chance for Bulls in August

August has always been a weird month forpopular meme cryptocurrency Shiba Inu (SHIB) — not quite a collapse but never the breakout window holders are hoping for. Looking back, the numbers tell a bit of a mixed story: in 2021, it climbed 10.1%, and in 2022 it was up another 3.36%, perCryptoRank. But after that, the wheels started coming off.

The last two Augusts have been pretty bad, with last year down 13.3% and 2023 closing at 5.44% in the red. It is not a total disaster, but it is not exactly bullish either.

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If SHIB were entering the month with real strength, this would not matter as much. It has been a tough year already. It is down over 38% YTD, stuck below key resistance, and with the recent relief bounce in July already losing steam, SHIB's setup heading into August does not exactly scream "upside."

Currently theShiba Inu coin price is hovering just above $0.0000125, which looks less like a base and more like a slippery ledge. Another leg down and it is retesting the yearly low. share your thoughts