Shiba

Shiba Inu

Inu.

Coin

<p><a href="https://cryptoticker.io/en/token/SHIB" rel="noopener noreferrer nofollow"><i>Shiba Inu</i></a><i> is facing a challenging period, marked by a significant drop in its price and the departure of large holders. In the article below, we will explore the impact of whale withdrawals on SHIB's market performance and future outlook, how likely it will recover, and how soon.</i></p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SHIB_Overall_Performance_d89136e98d.png" alt="By TradingView - SHIB Overall Performance" width="1740" height="682"></p>
<h2 id="strong-shib-price-analysis-why-the-shib-price-crash-strong"><strong>SHIB Price Analysis: Why The SHIB price crash?</strong></h2>
<h3 id="strong-1-whales-exit-lost-confidence-strong"><strong>1- Whales Exit: Lost Confidence</strong></h3>
<p><a href="https://cryptoticker.io/en/token/SHIB" rel="noopener noreferrer nofollow">Shiba Inu's (SHIB)</a> situation has worsened as large holders, known as whales, have started exiting the market. This mass exodus signals a loss of confidence among major investors, leaving a substantial amount of <a href="https://www.bitget.com/spot/ETHUSDT?channelCode=zpkw&amp;vipCode=94qs&amp;groupId=334813" rel="noopener noreferrer nofollow">SHIB</a> in circulation and searching for new buyers. The <a href="https://www.tradingview.com/symbols/SHIBUSD/?aff_id=127958" rel="noopener noreferrer nofollow">SHIB price</a> has dropped to $0.00001329, highlighting the severity of the situation. With expectations of further declines, breaking the support level of $0.000013.&nbsp;</p>
<h3 id="strong-2-decrease-in-large-transactions-strong"><strong>2- Decrease in Large Transactions</strong></h3>
<p>The decline in large transactions is a clear indicator of whales leaving <a href="https://cryptoticker.io/en/token" rel="noopener noreferrer nofollow">the market</a>. This significant outflow of funds has resulted in a negative sentiment, with SHIB's trading volume fluctuating wildly. In the last 24 hours, the total volume exceeded 1 trillion, peaking at 2 trillion on July 3 and hitting a low of 947 billion on June 29.</p>
<h2 id="strong-shib-price-prediction-further-declines-ahead-strong"><strong>SHIB Price Prediction: Further Declines Ahead</strong></h2>
<p>On-chain metrics further paint a grim picture for <a href="https://www.bitget.com/spot/ETHUSDT?channelCode=zpkw&amp;vipCode=94qs&amp;groupId=334813" rel="noopener noreferrer nofollow">SHIB coin</a>. The "In the Money" metric shows that most SHIB holders are currently at a loss, contributing to the bearish outlook. Exchange data also suggests a balanced pressure between buyers and sellers, with no strong bullish signals. The absence of futures contracts for SHIB leaves investors exposed to potential further declines, exacerbating the selling pressure.<br><br>With the <a href="https://www.tradingview.com/symbols/SHIBUSD/?aff_id=127958" rel="noopener noreferrer nofollow">SHIB price</a> now trading at 0.000013, declines further could bring it lows surpassing the Shiba Inu price of $0.000010 with the potential of going back to its lowest ever at $0.000007. But how fast could it drop, and what will help it recover from this crash?<br>Mostly, regaining crypto market confidence will be the crucial stone to a recovery of Shiba Inu price and other cryptos.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SHIBUSD_2024_07_05_5_D_f5a59612cf.png" alt="By TradingView - SHIBUSD_2024-07-05 (5D)" width="1457" height="698"></p>
<p><i>The combination of whale withdrawals and a subsequent 15% price decline underscores the eroding market confidence in Shiba Inu. Without significant buying interest or protective measures for investors, SHIB faces a challenging road ahead.</i></p>

Shiba Inu News Today: Is SHIB Coin The BIGGEST LOSER?

Table of Contents

CryptoTicker ENG

Other articles published on Jul 5, 2024

German Lawmaker Criticizes Government’s Bitcoin Sale

Major Cryptos Hit Yearly Lows As Bearish Condition Intensifies

Crypto Market Volatility Surges as Bitcoin Options Expiry Looms, Mt. Gox Sells

Governments and Mt. Gox transfer 17,788 BTC worth over $1B

Singapore’s security agency establishes guidelines for safe AI

Rollblock Staking Rewards Could Steal The Show And Draw XRP and BCH Holders

Join our free newsletter for daily crypto updates!