Shiba

Shiba Inu

Coin

<ul class="news-points">
 <li>Shiba Inu has experienced a sharp decline amid the broader crypto market correction.</li>
 <li>Analyst Javon Marks believes the current dip could lead to a substantial price increase.</li>
 <li>Market intelligence platform Santiment reports negative sentiment towards SHIB is at its highest level this year..</li>
</ul>
Shiba Inu (SHIB), the popular meme-based cryptocurrency, has suffered a significant <a href="https://coinedition.com/shiba-inu-shib-price-prediction-what-do-the-charts-say/" rel="noopener noreferrer nofollow">price drop </a>amid a wider crypto market correction.
Despite falling 12% in 24 hours compared to Bitcoin’s 1% drop and hitting a four-month low, some analysts believe this downturn presents a buying opportunity and that the token’s long-term prospects remain positive.
Over the past week, Shiba Inu has declined over 20%, with a 29% drop in the last 30 days. Despite the bearish trend, analysts like Javon Marks believe this correction could pave the way for a substantial price increase.
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 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> (Shiba Inu)'s price is still up over 100% since breaking out of the displayed resisting trend which can be letting us know that a RUN is IN-EFFECT! With prices being broken out, the target is at $0.000081, meaning another +294% upside from here to reach it can take place… <a href="https://t.co/768GdhkTAk" target="_blank" rel="noopener noreferrer nofollow">https://t.co/768GdhkTAk</a> <a href="https://t.co/pVoXrcqkBE" target="_blank" rel="noopener noreferrer nofollow">pic.twi…</a>
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The post <a href="https://coinedition.com/can-shiba-inu-defy-the-crypto-market-downturn-analysts-weigh-in/" rel="noopener noreferrer nofollow">Can Shiba Inu Defy the Crypto Market Downturn? Analysts Weigh In</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Can Shiba Inu Defy the Crypto Market Downturn? Analysts Weigh In

Coin Edition

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