Burn

Shiba Inu

Elon Musk

Coin

<ul class="news-points"> 
 <li>The Shiba Inu market succumbs to a bearish whirlwind as Elon Musk suspends the burn tracker.</li> 
 <li>SHIB price plunges amidst burn tracker suspension, signalling market distress.</li> 
 <li>Negative sentiment engulfs the SHIB market as RSI dips and MACD turns bearish.</li> 
</ul> 
Bearish sentiment has dominated the<a href="https://coinedition.com/shiba-inu-shib-price-prediction/"> Shiba Inu (SHIB)</a> market over the previous 24 hours, fueled by Elon Musk’s suspension of the Shiba Inu burn tracking Twitter account. During the bearish reign, SHIB’s price fell from an intra-day high of $0.000007954 to a 24-hour low of $0.000007684. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> SHOCKING: Elon Musk Suspends <a href="https://twitter.com/hashtag/Shiba?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Shiba</a> Inu Burn Tracker Twitter Account <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"> A thread <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/fJrkdFxQW3" target="_blank" rel="nofollow">pic.twitter.com/fJrkdFxQW3</a>— Keyur Rohit (@CryptoKingKeyur) <a href="https://twitter.com/CryptoKingKeyur/status/1673258330758971392?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 26, 2023</a>
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SHIB was trading at $0.000007752 at the time of publishing, down 2.52% from its previous close. 
SHIB’s market capitalization and 24-hour trading volume fell by 2.52% and 10.24%, to $4,567,951,948 and $105,336,556, respectively. This drop indicates a negative mood, as investors are concerned about the long-term implications of suspending the burn-tracking Twitter account on SHIB’s prospects. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="940" height="454" src="https://coinedition.com/wp-content/uploads/2023/06/image-79.png" alt="SHIB/USD 24-hour price chart (Source: CoinMarketCap)" class="wp-image-304280" srcset="https://coinedition.com/wp-content/uploads/2023/06/image-79.png 940w, https://coinedition.com/wp-content/uploads/2023/06/image-79-300x145.png 300w, https://coinedition.com/wp-content/uploads/2023/06/image-79-313x151.png 313w, https://coinedition.com/wp-content/uploads/2023/06/image-79-380x184.png 380w, https://coinedition.com/wp-content/uploads/2023/06/image-79-768x371.png 768w, https://coinedition.com/wp-content/uploads/2023/06/image-79-696x336.png 696w, https://coinedition.com/wp-content/uploads/2023/06/image-79-127x61.png 127w, https://coinedition.com/wp-content/uploads/2023/06/image-79-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/06/image-79-255x123.png 255w, https://coinedition.com/wp-content/uploads/2023/06/image-79-795x384.png 795w, https://coinedition.com/wp-content/uploads/2023/06/image-79-440x213.png 440w, https://coinedition.com/wp-content/uploads/2023/06/image-79-414x200.png 414w, https://coinedition.com/wp-content/uploads/2023/06/image-79-326x157.png 326w, https://coinedition.com/wp-content/uploads/2023/06/image-79-377x182.png 377w, https://coinedition.com/wp-content/uploads/2023/06/image-79-328x158.png 328w, https://coinedition.com/wp-content/uploads/2023/06/image-79-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/06/image-79-123x59.png 123w, https://coinedition.com/wp-content/uploads/2023/06/image-79-129x62.png 129w" sizes="(max-width: 940px) 100vw, 940px">
 <figcaption class="wp-element-caption">
 SHIB/USD 24-hour price chart (Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="nofollow">CoinMarketCap</a>)
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The Relative Strength Index (RSI…
The post <a rel="nofollow" href="https://coinedition.com/shib-market-plunges-musks-account-suspension-sparks-bearish-panic/">SHIB Market Plunges: Musk’s Account Suspension Sparks Bearish Panic</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

SHIB Market Plunges: Musk’s Account Suspension Sparks Bearish Panic

Coin Edition

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