Shiba Inu Down 35% YTD, 7.56% Today: Bargain Buy or More Pain Ahead?
Shiba Inu is down 35% year-to-date and another 7.56% today, with SHIB trading at around $0.000012 right now. The meme coin’s sharp decline actually contrasts with Bitcoin’s 26% gains this year, and investors are wondering if this represents a buying opportunity or signals more pain ahead. At the time of writing, Shiba Inu coin today faces mounting sell pressure even though the Shibarium network has been achieving some significant technical milestones. The popular dog-themed token has been getting hammered by shifting investor preferences toward stablecoins and more utility-focused cryptocurrencies. Trading volumes are staying elevated at approximately $226 million over 24 hours, which suggests there’s still interest even as prices keep tumbling. Also Read: Shiba Inu All Time High Near: Analyst Sees 500% Surge Ahead Shiba Inu Coin Today Faces Downtrend, Buy or Sell Decisions Loom Source: Watcher.Guru Market Context Shows Concerning Pattern The Shiba Inu downtrend become...