Shiba Inu (SHIB) in Free Fall: Can the Downward Movement Deepen?


Performance leader of the month for October Shiba Inu (SHIB) accelerated its bearish movement while losing its bullish momentum. SHIB, which recorded an increase of more than 700% last month, entered a free-fall trend. Experts have warned investors to be careful.

The Price of Shiba Inu Is Falling

The popular joke of crypto currency Shiba Inu, which seems to have said goodbye to its upward movement with a big bang. SHIB lost close to 14% of its value during the day. Is Shiba Inu coming to the end of his glorious rise at the end of the rally that dazzled investors’ eyes?

The Shiba Inu community, along with the decline, called on investors to make purchases. Shib Army, known for its high social media activity. In addition, the mobility of whales with billions of Shiba Inu token assets declined after that. Addressing a significant audience on Twitter, Altcoin Daily described the downward movement as follows: “Shiba Inu dumping!”

This dumping move is not yet big enough to send investors to fud, but according to experts, the decline may deepen further. Hundreds of people gathered under the post of Altcoin Daily, Shiba Inuhe commented on the current state of the . Some investors have shared their thoughts on realizing their profits while Shib Army continues its mission.

If it is a question of deepening the downward movement, it can be interpreted as an open-ended question. Shiba Inu, which has many influencers, is a crypto currency and hype-based that follows a fluctuating price course. In this regard, it may be advisable to follow it carefully, but the uncertainty about the points of purchase or sale neutralizes factors such as technical analysis, expert comments.

Development That Can’t Be Ignored Decisively

In addition, investors who agreed that targets such as $ 0.01 and $ 1 did not reflect the facts conveyed their sales plans. On the other hand, since the first time it came out shitcoin from its classification, we cannot ignore the development of Shiba Inu, which has managed dec attract the attention of crypto investors, critics and leading market participants.

Shiba Inu fell to the eleventh place in the market value ranking after the recorded decline. Who set out to be the Dogecoin killer SHIB it proved to be a strong altcoin in the meme coin category, surpassing its competitor for a while.

You can follow our news on our Telegram channel, Instagram, Facebook, Twitter accounts and Youtube channel.