Stock Groups

Data shows retail interest waning as SHIB down 60% in 4 weeks -Breaking


(SHIB), a stock that fell more on Nov. 24, lost its appeal with retail traders. They helped the company rally by over 535% and reach a record $0.00008854 earlier this season.

SHIB’s priceNearly 60% of the market fell after Oct. 28’s all-time high, signaling that traders are actively locking in their Shiba Inu profit. That has further resulted in a substantial drop in SHIB’s benchmark instrument of SHIB/USDT volumes on Binance, underscoring a weak retail interest.

Daily price chart for SHIB/USDT TradingView
Internet searches for the keyword “Shiba Inu.” Source: Google (NASDAQ:) Trends
SHIB/USDT daily price chart featuring Fibonacci retracement levels. TradingView
Bull flag configuration on the daily SHIB/USDT price chart. TradingView