The Shiba Inu Price performance has reduced the market in the past few months, and its data on the series shows that the worst may happen. SHIB price was traded at 0.00001285 dollars on Thursday morning, a decrease of 28 % of its highest point this year. I have left most of Altcoins like Pepe and Dogwifhat.
The price of Shiba Inu is at risk amid weak standards on the chain
The graph below is a group of many important standards that indicate more SHIB price collapse in the coming months. First, orange tapes show that the number of daily active headlines decreased after the peak in February. In most cases, the cryptocurrency works well when there are more active addresses that interact with it.
Second, the red line shows that the growth of the network has decreased to its lowest point in more than a year. The growth of the falling network means that fewer titles are created a day, indicating a decrease in the demand for currency.
Third, more data shows that the number of Shiba Inu transactions has decreased in the past few months. She only had 2,700 transactions on Thursday, much lower than a year to about 4000.
More data shows that the Shaiba Ino whale has abandoned it and has begun to surrender. The total width of the SHIBANU coins, which was held by whales, decreased to 718 trillion from more than 743 trillion earlier this year. Selling the whale is a sign that they expect the currency to continue to fall in the coming months.
Read more: Prediction at the SHIBA Inu: Set the possible SHIB scenarios
This is noticeable because these whales sell the currency with a loss as the network realized that the profit/loss has decreased to minus 134. NPL is a negative sign because it means that SHIB holders are tired of waiting for a shift. Many of them sell the currency so that they can move to the best performance assets.
Moreover, the average age of the invested dollar for 365 days (MDIA) explains that it has begun to decrease. I moved from 161 in May to 157 today, a sign that the sale is happening.
More SHIB data indicates a sale
Moreover, more Shiba Inu data indicates longer sales in the coming weeks. First, Coingecko numbers show that the Shiba Inu request has been largely dried up in the past few months as investors focus on other coins.
Although he possesses the maximum market, which is more than $ 7.5 billion, Sheba Eno has achieved a 24 -hour size of $ 127 million. On the contrary, Dogwifhat, which is the market price, had more than $ 884 million, in 24 hours a period of 366 million dollars.
SHIBA Inu was also lower than Buildon size, a new currency of $ 395 million, which is $ 130 million.
Moreover, there are fewer Chipa Ino currencies Removed From blood circulation through burning. While the daily burning rate increased by 118 % on Thursday, the basic number was 31 million, equivalent to less than $ 400, which is a small amount for one of the largest players in the encryption industry.
Technical analysis of the coin price
The daily graph shows that the SHIB price has been pressured in the past few weeks, and has found his recent attempts to recover strong resistance at 0.00001760 dollars.
SHIB PRICE formed the pattern of the dumping science chart, consisting of a vertical line and rectangular composition. This style often leads to more negative side, which may happen soon after moving to the bottom side of the canal.
SHIBA Inu remains less than 50 days and 100 days (EMA). Therefore, this currency is likely to continue to decrease as sellers target the lowest level per year to a date of $ 0.00001037.
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