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InvestmentsShiba Inu in danger of ‘topping signal’ as SHIB price loses 50%...

Shiba Inu in danger of ‘topping signal’ as SHIB price loses 50% in 3 weeks By Cointelegraph



Meme-cryptocurrency Shiba Inu (SHIB) has misplaced greater than 50% of its market valuation in three weeks since its all-time highs in late October.

SHIB’s price dropped to as low as $0.00004251 on Nov. 19 after correcting by virtually 55% from its all-time excessive of $0.00008854. Its price recovered a small portion of its losses on Friday, however the transfer regarded indecisive because of weaker commerce volumes — i.e., few merchants supported the rebound pattern.

four-hour price chart. Source: TradingView, John Wick
SHIB/USDT day by day price chart that includes bull flag. Source: TradingView