The price of Shiba Inu has decreased by 21% over the past two weeks, with a sharp decline of 44% in new address activity indicating a waning interest from investors.
The Relative Strength Index (RSI) remains in the bearish zone, indicating a continued lack of buying pressure and the possibility of further declines.
To recover, Shiba Inu must reclaim $0.00001252 as support and break above it, which could signal a reversal to $0.00001333.
#اخبار_العملات #اقتصاد_المشفرة #بينانس_للمبتدئين #wct $SHIB
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The price drop of Shiba Inu by 21% is set to extend with a two-week downtrend.
Shiba Inu has experienced a continuous decline over the past two weeks, with the leading meme coin now facing the possibility of additional losses.
The ongoing downtrend indicates that SHIB is losing momentum, primarily due to a decline in investor support, resulting in a 21% price drop.
Shiba Inu losses are mounting.
The number of new addresses interacting with Shiba Inu has sharply declined, reflecting a decrease in investor interest. In just two weeks, the number of new addresses fell by 44%, from 2,059 to 1,171.
With investor interest waning, the likelihood of SHIB gaining significant momentum is also diminishing. The decrease in new addresses suggests that SHIB is losing its appeal, making it difficult for the altcoin to recover. Without new interest, the coin may struggle to attract the necessary demand to counter the ongoing downtrend.