Shiba Inu Price Gearing Up for $0.00002 Rally Amid Low Volume Downtrend

Quick Summary:

This selling wave began with Bitcoin’s pullback from $70,000 earlier this week and has been amplified by market fear, uncertainty, and doubt (FUD) due to geopolitical tensions in the Middle East.

The crypto market kicked off August with a bearish trend, igniting renewed selling momentum across most major digital assets.

Mirroring this downtrend, Open interest in SHIB futures fell from $53.5 million to $32.78 million, registering a loss of 38%.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: SHIB Shiba inu price analysis Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 20:13:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 40 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21900867

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 39 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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