When Shiba Inu (SHIB) Price Goes Up Sell and Bid Good Bye

Reportedly, about 50% Whales have sold their Shiba Inu over the past 40 days.  The biggest loss for any cryptocurrency is not the price going down, but its holders leaving the ecosystem.

Technical analysis of the Shiba Inu Price indicates that after losing 25% the price can go down even further. The token has not succeeded in maintaining the critical support level for the price.  The native token typically has crashed and it is on the way to a new low.

As the price of the token went down the trading volume has also decreased. While this can also be looked at as a bullish signal, unless a trend reversal is declared by the sparkline – we need to consider that we are in the bearish market.  Thus, the selling momentum is definitely increasing, and the trading volume is decreasing. The short-term trends are not bright for SHIB.

Looking at all these price trends, it looks like we need to forget the ambition of SHIB touching $1. Some of them have to claim that the Shiba Inu Era is coming to an end. As the holders are increasing and the price is going down – the buying zone is increasing.  When the price is low, there are obviously more numbers of buyers.

An investor who was worried about the price decline was like: “You went so much down. What is wrong with you. I lost almost half of my investment. And you are steadily going down! When is the big up or you just filling out your pocket?”

While these are about the price trends, the news about burning continues. Schemes like burn SHIB and earn Passive Income are continuing in the ecosystem.

Those who are not satisfied about the burning and price were like:  I don’t know what more proof you need to see that this project doesn’t work. All the best news they can give, they already gave it, and the price continues to fall. When it go up it’s time to sell and good bye. Do not fall in his tricks. BE SMART.

Ultimate Optimism:  Same thing was said about Bitcoin and Ethereum. Lots of great things still in the works for SHIB. You can’t big expect results so soon. It’s still new but doing really well for a low-cap coin.

While everyone is burning their coins, the whales keep on accumulating large amounts of SHIB, do really think whales are burning their coins, I don’t think so.  The rich will always get richer while the poor carry’s they heavy loads.  Keeping my coins staked.