Shiba Inu Price Prediction As SHIB Breaks Down From Key Support Level

Quick Summary:

Shiba Inu price experienced downward pressure on August 15 following a market-wide slump that resulted in a 3.1% decrease in the total industry market cap.

However, this may not be the only factor contributing to the price reversal of the Shiba Inu coin.

Further, A deep analysis of the SHIB Liquidation Map on Coinglass reveals a significant imbalance, with a higher cumulative liquidation of short positions compared to longs.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Shiba Inu price prediction Price Analysis Shiba inu Shiba Inu Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 11:46:34 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22086178

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 15 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

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