Shiba Inu price analysis: SHIB rises up to 6 percent to provide respite after severe decline

Shiba Inu price analysis shows price finally moving upwards after an extended bearish period, where price touched a 3-month low point of $0.00007846. The descending pattern emerged on June 7, 2022 after a brief horizontal run where price remained above the $0.00001100 mark.

Timeline of Shiba-inu

The Shiba Inu ($SHIB) community has been rallying to burn more tokens amid the recent cryptocurrency market downturn, as it's seen as a “huge opportunity” to reduce the meme-inspired cryptocurrency's circulating supply. Shiba Inu's price has dropped 90% from its all-time high seen late last year, with the cryptocurrency currently trading at around $0.00000803 after

Shiba Inu (SHIB) plummeted during the crypto market crash of May and this led to a significant decline in the market value of one of the most popular meme-inspired currencies. The post Shiba Inu (SHIB) Market Cap Slashed by More Than $5B in May appeared first on BeInCrypto.

The market crash has been especially brutal for meme coins such as Shiba Inu and Dogecoin. These coins had recorded impressive numbers in the bull runs of 2021 but the real test had come once the market had begun to decline.

Today's Shiba Inu price analysis displays partial bearish movement in the market, and the market moves towards a somewhat upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced a spike and increased to $0.00000852, from $0.00000747; on June 13, 2022, SHIB/USD gained further momentum and obtained a further increasing movement the.

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a crash and decreased to $0.00000843, from $0.00000983; on June 12, 2022, SHIB/USD lost further momentum and obtained a massive decreasing.

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a crash and decreased to $0.00001047, from $0.00000915; on June 11, 2022, SHIB/USD lost further momentum and obtained a massive decreasing.

Shiba Inu [SHIB], one of the most popular meme coins around, has grabbed significant attention of late. Be it 2021 or 2022, the meme coin has seen decent developments within this crypto-sea full of competitors.

Shiba Inu price analysis suggests a downward movement to $0.00000980 The closest support level lies at $0.00001004 SHIB faces resistance at the $0.00001048 mark The Shiba Inu price analysis shows that SHIB has been unable to climb past the $0.0000011000 mark and the following rejection caused the price to crash below the $0.00001000.

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market maintains a negative direction, declining the price of SHIB. After that, however, the cost of SHIB experienced a crash and decreased to $0.00001045, from $0.00001074; on June 9, 2022.

Shiba INU price nowadays appears to have faded all its glory as the prices remained capped below the crucial resistance for a pretty long time. The asset is just extending the apex of the descending triangle to the maximum without portraying any possibilities of breaking down from the bearish setup. However, the last point of …