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Shiba Inu Could Decline 15%, New Downtrend Coming Soon? -Breaking

by Mike Robinson

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Shiba Inu may drop 15%. New downtrend is coming soon!
  • SHIB token prices could drop as low as 15% from now.
  • Shiba Inu may invalidate 15% of the decline by recording a $0.00003057 price.
  • Traders’ buying behavior can also be a fact to invalidate the decline.

Shiba Inu (SHIB) may perform market correction to almost 15% — meaning SHIB will retrace from its current price of $0.00003042 downward if the crypto fails to maintain its market performance.

The suggested 15% decline follows Shiba Inu’s rally at the beginning of February. To note, the SHIB price reversal in February is said to be the new unseen pillar that will facilitate the forecasted Shiba Inu’s 15% correction, as reported by Fxstreet.com.

TradingView Chart

Shiba Inu has to become bullish at a certain level and hit a $0.0000342 price in order to end the 15% downtrend. This will allow the cryptocurrency to gain the strength it needs to overthrow the bearish market. SHIB will be able to launch a new price surge by this.

At the time of writing, Shiba Inu’s price is $0.00003057 with a 24-hour volume of almost $1.6 billion, based on CoinMarketCap data. SHIB token’s growth rate is also 0.25%. These data rank Shiba Inu at 14th place in cryptocurrency volume worldwide.

Lastly, traders’ buying behavior can be a factor to invalidate SHIB’s 15% decline. In other words: If traders keep buying more SHIB tokens than they sell, Shiba Inu can survive the bearish market.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.

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