What is the fate of SHIBA Inu, is this the end of the Road?

[Greatest2020]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

[oemar bakrie]

it's called a market game and also there are many better and potential competitor tokens..
because of that starting to look at new tokens to find and get very many benefits.

[Ulven]

I am not an expert in technical analysis, but apparently the hype about the future of this currency has ended and the community has begun to realize how dangerous it is to join projects that do not carry any specifications that make the project ideal and useful for the prosperity of crypto. So I think it is better to research the classic currencies and do the calculations before investing!!!

[Jackl87]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

I don't know a technical analyst is needed to evaluate the price of a meme-coin  . In the end it's a token that has no use-case and offers no functionality for it's users the only reason why it exists is because the project founders wanted to get rich with minimum effort and i have to admit they really achieved that and they even made a lot of their early investors pretty rich. In the end though that whole meme-coin stuff is or was just a temporary hype and you can not expect that it will go on like that for ever because in the end people are pumping money into something completely useless. I still think though that Shiba Inu is one of only a handful of meme-coins that will still be around in a few years.

[Teknisi88]

Even so, when the price of Shiba Inu sagged, the number of Shib accounts recently reached an unprecedented level, repeating the hustle and bustle of retail buyers that occurred before the price falling in May.

[kidbounty]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

What do you expect. This was predicted long ago. so I wouldn't be surprised if Shiba went through this. so be prepared, because the hype of this coin seems to have faded. and I doubt if Technical analysis can help and provide an answer to the situation experienced with the shiba inu. because coin memes will eventually become coin memes.

[super bako]

Even so, when the price of Shiba Inu sagged, the number of Shib accounts recently reached an unprecedented level, repeating the hustle and bustle of retail buyers that occurred before the price falling in May.

maybe in terms of bitcoin prices dropping from a few days making shiba inu follow the flow of bitcoin, the risk of coin meme traders must be mentally strong, most meme coins go up and down very quickly. winning people get the most out of coin memes they buy first and then they do fomo so people buy up to make coins go up. fill the main holder..?

[ryzaadit]

Here we go, crypto newbie is here.

What do you expect? a coin with only green all candle, do you thinks is a scam token while people only can be bought but can't sell so the chart is green because no one is can be sell ~LOL one aspect you should know, why you buy the token? If you don't know the reason then you are not suitable for investment. You should always have the reason why you buy or sell.

[livingfree]

There's actually no need for any technical analysis for these two.

They're known as the two most popular meme coins in the market and whatever happens to them, they're just relying to the market itself. So if they go downtrend, then they'll surely follow the market leaders.

We don't know yet the fate of shiba inu, you track its daily chart do you? then I think it's not yet going there from the negative you're thinking.

[Silberman]

I am not an expert in technical analysis, but apparently the hype about the future of this currency has ended and the community has begun to realize how dangerous it is to join projects that do not carry any specifications that make the project ideal and useful for the prosperity of crypto. So I think it is better to research the classic currencies and do the calculations before investing!!!

While I would like for your explanation to be true, I do not think this is what is happening, people have simply realized the price of those coins is too high and it is time to get out of them before they crash, but I find interesting is that it is precisely that attitude what it is going to cause those coins to crash, however what will be the next movement of all of those people that get out of those coins? And I think the most likely option is that they will try to look for another similar coin and try to get profits that way instead of choosing the safest path and invest their money in bitcoin and ethereum as they should do.

[adzino]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

It got pumped and the price went up too fast. Now the correction phase is taking place. You should have already expected it. Do you see anything new that this token offers that no other coin/token does? Nope, I don't. The same thing happened to doge coin. The price went up till $0.7 and then it crashed because the hype was over. People FOMO in meme coins. The price of Shiba won't go very low though because it already has a huge community support.

[Google+]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

Shiba Inu is very easy to beat by Dogecoin and other coins, you can see the evidence for yourself in coinmarketcap where Dogecoin still survives in the top 10 after competing with Avax, while Shiba Inu was thrown into the top 13 because of the decline that continues to happen to him.

[Al Qiyamah]

Even though there are technical analysts who are able to answer all of this, they still cannot change the current SHIB price which is falling. This is the crypto market, not always stable and profitable. you have to be ready for this, because you should have thought of this from the start you chose the meme token. I think the popularity of SHIB is starting to fade now, but we also can't predict what the future will be like.

[Dannaey]

It is normal that the price goes down. Just like Bitcoin. No coin that goes up always. Prices go up and down. We cannot compare Technical Analysis to Fundamental Analysis. I think Shib is undergoing a correction and we know when the price reached the bottom, the price will only go in one direction, which is up. I believe if Shib will have no use case in the future, I think this coin will just remain for a pump and dump scenario, not for a long-term hold.

[Bitcoin Seller]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

I don't apply Technical Analysis to meme coins. They are supported just by hype that can't be predicted by technical indicators or patterns. As Bitcoin is falling, almost all altcoins follow its trend, what is more, meme coins, especially shiba was too overheated, so it must be a correction then. Hype can't last forever, so as there are no more reason for these coins to grow, they will fall.

[MadeMen]

The market has a characteristics of volatility and that's one of the warnings we should received even before joining the industry. Shiba inu has had its fair share of the pump and its only normal for there to be some market conditions which may only be for a while. I'm still positive about the meme coin and hope we have a good pump again.

[DapanasFruit]

Cryptocurrency is generally so volatile and this is quite so true with meme coins which are considered to be lacking in use-cases and can be there to make money for its proponents and supporters - in other words they are tools for pump and dumps mechanism. this is true with Dogecoin the father of all meme coins...the coin can have some good pumps if Elon Musk is tweeting something that can be favorable into it and can go down when there is nothing exciting things or developments related into it. For now, there is nothing to get excited with SHIB but then who knows weeks from now we can see it rising again...when people will realize in droves that they should be buying the said coin again. in other words, things are so dependent with the flavor of the marketplace but then come to think of it this can be true to some extent with non meme coins too. Congratulations to those who made money big time with SHIB and who understand that nothing will continue to be going up...somewhere it will stop its ascent and make some downward trajectory.

[harizen]

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

No need for technical analysis. There should be no reason to look at what happened to SHIB within 4D monitoring. Not all the time it's an uptrend. That's how volatile crypto is and you have to live with that. If you are regularly trading the coins, you will be used to it soon.

Remember that until you didn't sell your coins to minimize your actual loss, you are still on paper loss.

[cliber]

Shiba Inu is not a coin, but a token. Currently, among tokens, we can say that Shiba Inu is the most talked about after the price spike that occurred some time ago and some even say Shiba Inu is the same as Dogecoin. For me, the fate of the Shiba Inu will be fine.

[Strongkored]

I just added a few dollars on the shiba inu and because it's only a small amount so the drop in the price is not very significant affect on my assets, this is normal when coin has pumped the price will drop even to 50%, as long shiba still have high volume trading on major exchange I'm not to worry because I'm more to long term.