According to chain data, 60% of Shiba Inu Holders are currently losing money, which has a harsh reality. Many investors have been captured on leave in the drop in prices for the same money parts, especially those which bought during recent rallies in anticipation of another lightness.
An important part of the community has undergone large losses not made as a result of the performance of SHIB prices, which was anything but bullish. The incapacity for shib to maintain the momentum is the main cause of this in -depth loss. During the local summits, many traders jumped, powered by market speculation and overhaul. An increase in the purchase activity occurred during the recent accumulation phases, but Salogner Reverse downwards instead of going out, trapping these buyers in losing positions.
In addition, the difficulties of shib were exacerbated by the circumstances of the general market. Being a highly speculative asset, Shib has been even harder than some other cryptocurrencies by the recent drop in the Altcoin market, which also affected Bitcoin. His difficulties were exacerbated by the general decline in interest in the parts and the substantial lack of utility of Shib.
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A recovery to the range from 0.000012 to $ 0.000015 can be possible if Shib is able to recover important levels of resistance and reconquer the confidence of investors. Better feeling on the market of cryptocurrencies as a whole and a greater accumulation of whales would be necessary for this.
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The price could drop even more if the sales pressure persists and Shib is unable to maintain support at $ 0.00,0008, which can be overturned lower levels around $ 0.00,0006. In this case, investors’ losses would increase and more holders would enter a negative territory. Risk management is essential in the current uncertain market.
While short -term traders should be careful to avoid being caught in another local high, long -term holders could think of an average dollar cost at lower prices. In order to decide on the best course of action, it will be crucial to keep an eye on the main technical levels of shibs and the general mood of the market.