{"id":624164,"date":"2024-06-12T10:43:38","date_gmt":"2024-06-12T10:43:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=624164"},"modified":"2024-07-10T13:19:16","modified_gmt":"2024-07-10T13:19:16","slug":"shiba-inu-loses-14-in-last-7-days-will-the-misery-worsen","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-loses-14-in-last-7-days-will-the-misery-worsen\/","title":{"rendered":"Shiba Inu Loses 14% In Last 7 Days – Will The Misery Worsen?"},"content":{"rendered":"

Given analysts’ prediction of Shiba Inu’s week-long price drop continuing, SHIB may be about to die. Renowned for its connection with the cute Shiba Inu<\/a> dog breed, the meme coin has dropped over 14% of its value in the past seven days, raising questions on its survival.<\/p>\n

\"\"
Source: Coingecko<\/figcaption><\/figure>\n
Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat?<\/a><\/div>\n

Bearish Signals Fill The Air<\/strong><\/h2>\n

For SHIB, technical indicators typically used to judge market mood show flashing red. Currently sitting at 38 and 35 respectively are the Relative Strength Index (RSI) and Money Flow Index (MFI).<\/span> Other signals point a less favourable picture, even while these numbers imply the asset might be oversold and ready for a rebound.
\n<\/span><\/p>\n

Since June last week, the Elder Ray Index\u2014which gauges buyer strength against seller strength\u2014has been firmly in negative territory, signifying a clear market dominated by bears.<\/span>
\n<\/span><\/p>\n

\"\"
SHIB price down in the last week. Source: Coingecko<\/a><\/figcaption><\/figure>\n

SHIB’s technical projection for right now is negative. Strong selling momentum paired with low purchasing pressure point to a further short-term price decrease. Analysts predict SHIB falling back to the $0.000020 level.<\/p>\n

Is The Howl Of The Crowd Fading?<\/strong><\/h2>\n

Based on NewsBTC’s research, investor interest for the self-described “Dogecoin Killer” may also be declining. One major contributing reason to the price reduction could be this declining excitement.<\/p>\n

The initial rise to popularity of the meme coin mostly depended on social media buzz and movements driven by communities.<\/span> But the “Shiba Army”<\/a> might be losing some of its momentum as the general bitcoin market corrects and meme currencies come under further examination.
\n<\/span><\/p>\n

Total crypto market cap currently at $2.39 trillion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Although SHIB’s near outlook seems dark, a total collapse is not completely off the question.<\/span> Market mood might set off a price comeback. Should bulls underline control and investor confidence returns,
\n<\/span><\/p>\n

SHIB might perhaps rise back to the $0.000024 level. Analysers caution, nonetheless, that this situation mostly depends on unanticipated market dynamics and a fresh surge of community support.<\/span>
\n<\/span><\/p>\n

\"\"
Source: CoinCodex<\/figcaption><\/figure>\n

SHIB Price Forecast<\/strong><\/h3>\n

With a projected value of $0.00007<\/a> by July 12, 2024, the current study of Shiba Inu (SHIB) shows a significant possible price increase of 226%. Nevertheless, the technical signals imply that the market is still negative even with this optimistic price projection.<\/span>
\n<\/span><\/p>\n

Related Reading: Cardano (ADA) Headed For Reversal? Analyst Eyes $0.50 As Turning Point<\/a><\/div>\n
\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n

This sentiment is supported by the Fear & Greed Index, which marks high degrees of greed at 72. With a price volatility of 4.50%, Shiba Inus have shown to be somewhat mild over the past 30 days. The fact that just 40% of the days show rises points to little positive momentum.<\/p>\n

Featured image from Reddit, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Given analysts’ prediction of Shiba Inu’s week-long price drop continuing, SHIB may be about to die. Renowned for its connection with the cute Shiba Inu dog breed, the meme coin has dropped over 14% of its value in the past seven days, raising questions on its survival. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Bearish Signals Fill The Air For SHIB, technical indicators typically used to judge market mood show flashing red. Currently sitting at 38 and 35 respectively are the Relative Strength Index (RSI) and Money Flow Index (MFI). Other signals point a less favourable picture, even while these numbers imply the asset might be oversold and ready for a rebound. Since June last week, the Elder Ray Index\u2014which gauges buyer strength against seller strength\u2014has been firmly in negative territory, signifying a clear market dominated by bears. SHIB’s technical projection for right now is negative. Strong selling momentum paired with low purchasing pressure point to a further short-term price decrease. Analysts predict SHIB falling back to the $0.000020 level. Is The Howl Of The Crowd Fading? Based on NewsBTC’s research, investor interest for the self-described “Dogecoin Killer” may also be declining. One major contributing reason to the price reduction could be this declining excitement. The initial rise to popularity of the meme coin mostly depended on social media buzz and movements driven by communities. But the “Shiba Army” might be losing some of its momentum as the general bitcoin market corrects and meme currencies come under further examination. Although SHIB’s near outlook seems dark, a total collapse is not completely off the question. Market mood might set off a price comeback. Should bulls underline control and investor confidence returns, SHIB might perhaps rise back to the $0.000024 level. Analysers caution, nonetheless, that this situation mostly depends on unanticipated market dynamics and a fresh surge of community support. SHIB Price Forecast With a projected value of $0.00007 by July 12, 2024, the current study of Shiba Inu (SHIB) shows a significant possible price increase of 226%. Nevertheless, the technical signals imply that the market is still negative even with this optimistic price projection. Related Reading: Cardano (ADA) Headed For Reversal? Analyst Eyes $0.50 As Turning Point This sentiment is supported by the Fear & Greed Index, which marks high degrees of greed at 72. With a price volatility of 4.50%, Shiba Inus have shown to be somewhat mild over the past 30 days. The fact that just 40% of the days show rises points to little positive momentum. Featured image from Reddit, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":624191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,85699,83668,83667],"class_list":["post-624164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-memecoin","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Loses 14% In Last 7 Days - Will The Misery Worsen?<\/title>\n<meta name=\"description\" content=\"Given analysts' prediction of Shiba Inu's week-long price drop continuing, SHIB may be about to die. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Loses 14% In Last 7 Days – Will The Misery Worsen?","url":"http:\/\/ktsl888.com\/news\/shiba-inu-loses-14-in-last-7-days-will-the-misery-worsen\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-loses-14-in-last-7-days-will-the-misery-worsen\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_ba83a6.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_ba83a6.jpg?fit=1080%2C1080"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","memecoin","shib","shiba inu"],"dateCreated":"2024-06-12T10:43:38Z","datePublished":"2024-06-12T10:43:38Z","dateModified":"2024-07-10T13:19:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Loses 14% In Last 7 Days – Will The Misery Worsen?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-loses-14-in-last-7-days-will-the-misery-worsen\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-loses-14-in-last-7-days-will-the-misery-worsen\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_ba83a6.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_ba83a6.jpg?fit=1080%2C1080\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"memecoin\",\"shib\",\"shiba inu\"],\"dateCreated\":\"2024-06-12T10:43:38Z\",\"datePublished\":\"2024-06-12T10:43:38Z\",\"dateModified\":\"2024-07-10T13:19:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_ba83a6.jpg?fit=1080%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/624164"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=624164"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/624164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/624191"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=624164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=624164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=624164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}