Shiba Inu price decline leaves 80% of holders underwater; SHIB likely to decline further

FXstreet
FXstreet

29 Jun 2023 11:51 PM

Shiba Inu price continued its disappointing run on Thursday as the altcoin failed to breach a key barrier. With every passing day, SHIB holders are fa...

  • Shiba Inu price has been disappointing investors, remaining below $0.0000080.
  • Over 84% of investors are currently at a loss, the highest in three years.
  • The whale cohort, holding 66% of the SHIB supply, is not providing support.
  • Shiba Inu price needs to break key resistance levels to initiate recovery.
  • Lack of support from investors has left millions underwater.
  • Technical indicators suggest a potential decline in price.
  • The whale cohort has been inactive, leaving the fate of the meme coin in the hands of retailers.

The sentiment in the article is negative, highlighting disappointment among investors, losses, lack of support, and potential decline in price.

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You May Ask

What is the current price of Shiba Inu?How much of the SHIB supply is controlled by the whale cohort?What are the key resistance levels for Shiba Inu price?What are the technical indicators suggesting about the future price movement?Why is the meme coin vulnerable to a decline?

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