Shiba INU Losing its Grip Over the Bullish Momentum, Will SHIB Price plunge hard

[davidwiliam]

The Shiba INU price recently broke from the descending trend and ranged extremely high to hit the levels very close to $0.00003. But woefully, the bears slashed the price too as low as $0.000022 from where the memecoin ignited a significant rebound.

The SHIB price fell down from its cliff by more than 75% to hit the lower levels close to around $0.000020. Further, the asset made a U-shaped recovery of nearly 70% to trade close to $0.00003500.Ever since then the asset is maintaining a significant descending trend, failing to breach through the downtrend.

However, the asset is currently swinging within a decisive phase where-in a wrong move may drag the price below $0.0000200.

#Crptocurrency #Marketnews #Binance #Shiba

[JeffBrad12]

Im seeing the all time chart and the U turn seems to be another speculation that will not be true. Shiba inu is slowly going up again despite the downtrend that already happened and this can even still sustain for long term. As you can see that whales have been making their step by buying millions of shiba inu. The price of shiba inu is following bitcoin. I don't believe this token will be plunged hard as it has major support that will always try to accumulate more and more shiba inu from the market. I do believe if this token can easily reach the ATH again. It can be seen easily from the price direction of shiba inu. As long as bitcoin will be going to the moon and shiba will be doing it as well.
The bullish momentum is not yet come but it will be coming very soon. Bitcoin is showing a good sign of bullish trend.

[el kaka22]

There are way too many people talking about shiba these days. Do you guys all think about shiba all this much, or is there like a secret shiba place on bitcointalk where people talk about it like crazy? I mean the reality is that we should not be feeling all that badly about this situation, just focus on the fact that we are doing alright, and shiba is a memecoin that you could avoid and rest of the crypto, there are some shitcoins and scamcoins as well.

But, if you find the real good ones, like btc, eth, bnb, ltc, avax and so forth then you know what you are getting into and they do not like about what they are. Just focus on those if you are unsure about some memecoin.

[tbterryboy]

Shiba was never really a serious coin that should be going high anyway. I hope that it goes down a lot and stops taking money from crypto investors. You have to realize that when there is money going towards these type of shitcoins, that money is taken out of crypto market for some time, and all those people who lost money will have a hesitation to get back in. Not all of them really, but most of them and that means we are missing some amount of money that could have been used otherwise.

This is the simple reason and based on that I believe that all those shitcoins that ended up not being high at all, should be gone and crash and just be zero hopefully, just so we could focus on the real good ones.

[Sterbens]

There are way too many people talking about shiba these days. Do you guys all think about shiba all this much, or is there like a secret shiba place on bitcointalk where people talk about it like crazy? I mean the reality is that we should not be feeling all that badly about this situation, just focus on the fact that we are doing alright, and shiba is a memecoin that you could avoid and rest of the crypto, there are some shitcoins and scamcoins as well.

I also found some threads asking things about Shiba Inu in the altcoins section. Maybe they think this meme coin has good prospects. But when compared to other meme coins, Shiba Inu is slightly better because a large community is still visible everywhere. Despite all that, I didn't pay much attention to it, and what I see is that people are currently trying to take on a situation that is expected to be the same as when the Shiba Inu did the big bubble. After the breakout, it's not much different from the hype drop, and as usual, the meme coin won't last long to dominate the market.

[kawetsriyanto]

It is really unpredictable, it can increase in the short term and decrease.

For me, it is very predictable. LOL
SHIB is a meme coin that increased its price because of the big hype in meme coins and good news around this project last year. Thanks to Shib armies and top people like Elon Musk who supported SHIB at that time. They are one of the biggest reasons why SHIB can have a value of about $0.00008 in October 2021. SHIB price could increase massively and quickly during 2021. But, the meme coin trend is already over right now. No more big hype in meme coins, so that's why SHIB or Doge can't increase their values as in the past.

At the moment, I rate its ecosystem as growing, but nonetheless, it is a coin that is growing rapidly thanks to fomo, and so is a bubble.

Its ecosystem has been growing since the last year. Now, after its hype has been over, its ecosystem seems to grow not as quickly as before. Yep, this coin was about FOMO, people bought it because of the hype. Now, everyone has realized that the hype doesn't work anymore.

[ryzaadit]

Why ask us ?

Why you don't ask Elon sir ? we all know, all fanboy SHIBA INU is simping to Daddy Elon. Next time, buy because of the progress not shout out. As always up so fast, and down can be so fast as well.

Now, Elon mostly not tweeted anymore.

[poodle63]

Im feeling doubt if this token will be plunged. You must also see how strong the shiba community is. Expecting the price to go down based on the chart is only having 50% probabilityt to be the true story.
There was also fundamental that will alwasy support shiba inu. The price of shiba can plunge so hard again once bitcoin will did another flash dump.
I think that this can be known easily by seeing the chart. Bitcoin is preparing to go up again and shiba will follow.

[bayudndy]

You can see a lot of volatility in the last period, so it is understandable that it will increase quickly and will also decrease quickly. We're still seeing a lot of hype about its use case, but I think there's a safer bet with it, as I've also had good ROI with Shiba before. Right now, the market is starting to bounce back and trends like the p2e web3 metaver are being driven a lot, so I have a bit of optimism that in Q2 or Q3 we will have another tremendous happiness. 

[bittraffic]

You can see a lot of volatility in the last period, so it is understandable that it will increase quickly and will also decrease quickly. We're still seeing a lot of hype about its use case, but I think there's a safer bet with it, as I've also had good ROI with Shiba before. Right now, the market is starting to bounce back and trends like the p2e web3 metaver are being driven a lot, so I have a bit of optimism that in Q2 or Q3 we will have another tremendous happiness. 

Yeeep Its still going up there. Its just a matter of time I guess. The exciting of having billions of Shib is that even just a tiny increment of its price makes a big difference to the value in your wallet. A slightest increase of price a big increase of funds. I think its not losing its grip still.

AS long as the team still tried to develop further, Just thinking out loud because they still do have plans ahead.  There could even be a burn mechanism soon just what I've read from the channel though.

[5W-KILO]

Use DCA and you will be fine, I bought some shiba coins at 0.000021$ and did the same thing at 0.000023$ I believe it will be hard for this project to dip beyond 0.00002$ but if that happens I will gladly buy more, shiba inu is good for long term hold.

[Kunnu]

According to cmc currently SHIB is on 15th spot in terms of rank only those altcoins can maintain its place on this rank which are established perfectly as we know some kind of bearish market conditions leave negative impact on all crypto currencies that's why SHIB has faced a downtrend in past couple of weeks but right now the market looks in positive state hopefully SHIB will maintain its positive momentum as well beside this the developers of SHIB has many positive plans to present in near future so after all this I don't think this meme token is losing its grip.

[gantez]

Use DCA and you will be fine, I bought some shiba coins at 0.000021$ and did the same thing at 0.000023$ I believe it will be hard for this project to dip beyond 0.00002$ but if that happens I will gladly buy more, shiba inu is good for long term hold.

Shiba Inu is still looking good despite the drop which has been general for the market since bitcoin dropped. The developers are not resting and they are promising more good for the coin. One advantage Shiba has above some meme coiins is that it is listed in binance like dogecoin so it is looking like a competitor to dogecoin too. Shibu only needs some hype from a big social media face or celebrity and the coin will increase very fast.

[asriloni]

I'm not seeing any possibility for this biggest meme token to go to the bottom or dumped by the whales. I remember when some whales have been accumulating more and more shiba inu. it seems like we will be facing a huge rebound by bitcoin and whole of market.

I think that you should rephrase it that if the bullish momentum can come anytime soon. No one know when the bull or bear will come but as long as there will be a good sentiment and bullish trend will always there. I think that you forget about this too. So many experts believe that if bitcoin already reached its bottom floor. It's the time for shiba inu and bitcoin to shine again.

I'm waiting the bullish trend to come and this may come very soon than I expected. 

[Samurai trieng]

Even though shiba inu is a memecoin that has been discarded by big investors, i don't think the price of shiba inu will continue to decline, because so far shib can still survive at 15 CMC, the same thing dogecoin which also lost its grip at time the market is bullish, but doge is still holding on to position 12 CMC, I'm very optimistic that this memecoin will increase even if not in the near future.

[ItsCrafty]

if we see the previous dip when it was down almost 5x, the same situation was that time and price was decline but suddenly price spikes and make a record 10x so I hope the same pattern will revise again but need patience and only those investments which are extra. Investors will enter once again if they see some breakthrough in this coin.

[Anonylz]

There are way too many people talking about shiba these days. Do you guys all think about shiba all this much, or is there like a secret shiba place on bitcointalk where people talk about it like crazy? I mean the reality is that we should not be feeling all that badly about this situation, just focus on the fact that we are doing alright, and shiba is a memecoin that you could avoid and rest of the crypto, there are some shitcoins and scamcoins as well.

But, if you find the real good ones, like btc, eth, bnb, ltc, avax and so forth then you know what you are getting into and they do not like about what they are. Just focus on those if you are unsure about some memecoin.

It seems some people just love to talk much about shitcoins rather than actual good projects. I guess different stroke for different folks. They seem to derive great joy in the shiba inu talk, can't blame them  
I sincerely don't know what people expect from shib, the whales are the ones controlling the price by buying huge amount of it to artificially pump the price and also dump it back in the market when it is convenient for them.

[milewilda]

There are way too many people talking about shiba these days. Do you guys all think about shiba all this much, or is there like a secret shiba place on bitcointalk where people talk about it like crazy? I mean the reality is that we should not be feeling all that badly about this situation, just focus on the fact that we are doing alright, and shiba is a memecoin that you could avoid and rest of the crypto, there are some shitcoins and scamcoins as well.

But, if you find the real good ones, like btc, eth, bnb, ltc, avax and so forth then you know what you are getting into and they do not like about what they are. Just focus on those if you are unsure about some memecoin.

It seems some people just love to talk much about shitcoins rather than actual good projects. I guess different stroke for different folks. They seem to derive great joy in the shiba inu talk, can't blame them  
I sincerely don't know what people expect from shib, the whales are the ones controlling the price by buying huge amount of it to artificially pump the price and also dump it back in the market when it is convenient for them.

People should realized this on which just like any other hyped coins when it is over then it would really be starting to dump which is really a very common scenario or situation that do happen
and only the best projects which does have actual demand  would typically be staying up on leaderboards or high ranking.If you could put up some risks with those SHIB investments then so be it
but dont anticipate nor hope that much because this isnt how this market works where the best projects would sustain and those been hyped ones would go down.

[super bako]

Use DCA and you will be fine, I bought some shiba coins at 0.000021$ and did the same thing at 0.000023$ I believe it will be hard for this project to dip beyond 0.00002$ but if that happens I will gladly buy more, shiba inu is good for long term hold.

to me speculating is important. For example, I want to hold Shiba coins in the long term, I need to monitor it almost every day. Memecoin for me is a bigger risk compared to altcoins that have a clear working concept period. such as BNB, SOL, ETH. It's better that the risk is not big..?

[South Park]

Shiba was never really a serious coin that should be going high anyway. I hope that it goes down a lot and stops taking money from crypto investors. You have to realize that when there is money going towards these type of shitcoins, that money is taken out of crypto market for some time, and all those people who lost money will have a hesitation to get back in. Not all of them really, but most of them and that means we are missing some amount of money that could have been used otherwise.

This is the simple reason and based on that I believe that all those shitcoins that ended up not being high at all, should be gone and crash and just be zero hopefully, just so we could focus on the real good ones.

While you are right the truth is that if those people did not lost their money with Shiba then they would have lost it to another altcoin, after all those people were not really interested in investing in bitcoin at all or in other established altcoins, they want to take the risk and the potential profits this could bring, now it is obvious they are doing this without understanding all the risks they are taking, but that is their choice, so the fact they picked Shiba does not really change anything at all, since those people would have lost their money in the markets and develop misgivings about the market anyway.