COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Shiba Inu Investors Face Significant Losses
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Shiba (SHIB) > Shiba Inu Investors Face Significant Losses
Shiba (SHIB)

Shiba Inu Investors Face Significant Losses

In Brief

  • Shiba Inu's price dropped significantly due to Bitcoin's decline.

  • Investors suffered losses and missed potential profits.

  • SHIB's future depends on reclaiming support levels.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

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.

Contents
Current State of Shiba Inu InvestorsSHIB Price Prediction

Current State of Shiba Inu Investors

Shiba Inu’s price has seen noticeable declines recently, largely due to Bitcoin‘s drop. Consequently, the meme coin fell to one of its lowest levels in recent months. Investors suffered significant losses and missed potential profits.

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.

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.

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.

SHIB Price Prediction

Shiba Inu’s value has been trading between $0.00002835 and $0.00002093 for some time. While investors 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.

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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Shiba Inu Holders Commit for the Long Haul, Defying Market Volatility

Shiba Inu’s Price Plunge Triggers Strategic Shifts in Crypto Market

Shiba Inu Defies Economic Forces With Dramatic Supply Impact

Shiba Inu Soars as Token Burn Rate Surges Over 3400%

Shiba Inu Avoids Dogecoin’s Shadow and Rises with Big Investor Moves

COINTURK NEWS 16 June, 2024 - 1:10 am 16 June, 2024 - 1:10 am
Share This Article
Facebook Twitter
Share
Previous Article Analysts Examine Altcoins Amidst Increasing Uncertainties in Cryptocurrency
Next Article Analyst Highlights Key Bitcoin Price Levels
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Massive Data Breach Threatens Cryptocurrency Investors’ Security
Cryptocurrency Security
Crypto Market Trends Defy Expectations: What Lies Ahead for ICP and SOL?
Technical Analysis
Trump Fuels Crypto Surge with Surprising Statements
Cryptocurrency News
Watch X Money Shake Up Financial Transactions as Musk Eyes New Horizons
Dogecoin (DOGE)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?