Shiba

Dogecoin

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-investors-face-significant-losses/" data-wpel-link="internal">Shiba Inu Investors Face Significant Losses</a><br></p>
<p style="text-align: justify">Shiba Inu was initially known as the Dogecoin killer. After experiencing significant rises and becoming the second-largest meme coin in the market, SHIB has maintained its position. Although SHIB had a successful March in terms of volume, it later experienced a deep decline. As SHIB’s volatile price structure continues, attention has turned to investor movements.</p> 
<h2 style="text-align: justify" id="current-state-of-shiba-inu-investors">Current State of Shiba Inu Investors</h2> 
<p style="text-align: justify">Shiba Inu’s price has seen noticeable declines recently, largely due to <a href="https://en.coin-turk.com/the-impact-of-the-us-dollar-on-bitcoin-potential-clues-for-the-crypto-market/" data-wpel-link="internal">Bitcoin</a>‘s drop. Consequently, the meme coin fell to one of its lowest levels in recent months. Investors suffered significant losses and missed potential profits.</p> 
<p style="text-align: justify">According to the Global In/Out of the Money (GIOM) indicator, approximately 66.75 trillion SHIB was purchased between $0.00002100 and $0.00002500. If SHIB’s price had not fallen, the supply amount worth $1.38 billion could have turned into a substantial profit.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362815" src="https://coin-turk.com/wp-content/uploads/2024/06/shiba-inu-3-coin-turk-com.png" alt="" width="1107" height="315"></p> 
<p style="text-align: justify">However, the meme coin fell below the mentioned level in parallel with the market. As of the time of writing, Shiba Inu’s price continues to trade around the $0.00002071 region.</p> 
<p style="text-align: justify">SHIB’s RSI value also dropped to 40.58 during this period, indicating a loss of strength among buyers. When the RSI value falls below 50, buying pressure seems to have given way to selling pressure.</p> 
<h2 style="text-align: justify" id="shib-price-prediction">SHIB Price Prediction</h2> 
<p style="text-align: justify">Shiba Inu’s value has been trading between $0.00002835 and $0.00002093 for some time. While <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> expected SHIB to break out of this range, things did not go as anticipated. SHIB has moved outside the mentioned region and is currently trading at $0.00002065 as of the time of writing.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362817" src="https://coin-turk.com/wp-content/uploads/2024/06/shiba-inu-1-coin-turk-com.png" alt="" width="1100" height="452"></p> 
<p style="text-align: justify">If SHIB’s price does not reclaim support soon, it could drop further, potentially to $0.00001600 or even $0.00001473. However, if the $0.00002093 support level is reclaimed, the price may start to consolidate again. If this happens, investors might have a new opportunity to profit, and the bearish outlook could disappear.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-investors-face-significant-losses/" data-wpel-link="internal">Shiba Inu Investors Face Significant Losses</a></h5>

Shiba Inu Investors Face Significant Losses

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