Analytics

Shiba Inu Price Analysis: 100-Day Support in Jeopardy Amid Whale Sell-off

24.06.2024

Shiba Inu Price Analysis: The final week of June initiated on a bearish note, as Bitcoin fell below $62k with an intraday loss of 3.3%. The bearish momentum quickly spread to the altcoin market and especially to the meme sector due to its volatile nature. SHIB, the second largest meme cryptocurrency by market cap, records a 4.68% drop today and hints at a breakdown from multi-month support. Is the correction trend to be extended?

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24.06.2024
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