Why Shiba Inu Coin Price Is Struggling Despite 64% of Investors Betting on a Surge

Quick Summary:

Shiba Inu price shows signs of resilience while eyeing immediate support below for potential relief from the price drop.

The price action is facing heavy rejection around $0.00001400, which means the chances of further pullback to the next support around $0.00001200 are high.

The Chaikin Money Flow (CMF) is at  -0.17, indicating rising sell pressure on SHIB, reinforcing the bearish outlook.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: IndiaEl Salvador

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 16:12:32 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 54 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22037644

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 26 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions