Shiba

Dogecoin

Shiba Inu

Coin

<ul class="news-points">
 <li>The RSI indicator for SHIB went to oversold levels, signaling buying opportunities.</li>
 <li>SHIB is down 31 in the last 30 days, but has doubled since June 2023.</li>
 <li>Over 410 trillion SHIB tokens have been burned to date.</li>
</ul>
Shiba Inu (SHIB), the popular meme coin often considered a rival to Dogecoin, has suffered a significant price drop and increased trading volume in the past 24 hours, raising questions about its future trajectory.&nbsp;
It has fallen 5.79% in the past 24 hours, accompanied by a 47.77% increase in trading volume, now reaching $202 million.
According to <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, Shiba Inu’s market capitalization has also dropped by almost 6%, valuing the digital asset at $10 billion and ranking it as the 12th largest cryptocurrency. Meanwhile, Dogecoin (DOGE) also declined 4.31% in the past 24 hours, currently trading at $0.1192.
The SHIB token is 80.76% below its all-time high of $0.00008845, reached three years ago. Additionally, the cryptocurrency has declined 16.15% in the past seven days and 31.04% in the last 30 days. However, SHIB’s price has risen 113.34% since June 2023, outperforming DOGE’s 74.84% increase.
Data from TradingView <a href="https://www.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">shows</a> that the cryptocu…
The post <a href="https://coinedition.com/shiba-inu-price-nosedives-key-indicator-say-this/" rel="noopener noreferrer nofollow">Shiba Inu Price Nosedives, Key Indicator Say This</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu Price Nosedives, Key Indicator Say This

Coin Edition

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