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

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(SHIB), which fell further on Nov. 24, was slowed by the decline in its appeal to retail traders who had helped it rise more than 535%, reaching a new record of $0.00008854 this year.

SHIB’s priceThe market dropped nearly 60% following the Oct. 28 all-time peak, indicating that traders were actively locking up their Shiba Inu profits. That has further resulted in a substantial drop in SHIB’s benchmark instrument of SHIB/USDT volumes on Binance, underscoring a weak retail interest.

Chart of daily SHIB/USDT prices. 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