Is Shiba Inu (SHIB) Price About to Plummet? 4 Bearish Signs to Watch
TL; DR
SHIB is down 13% in 2 weeks in the middle of unfavorable belief on Telegram and decreasing network activity.
Some signs, like increased exchange outflows, recommend a prospective cost rebound.
Bears in Control?
The popular meme coin has actually been underperforming in the last 2 weeks, with its cost dropping by 13% (per CoinGecko's information). Regardless of recuperating some worth from the other day's regional peak, it still stays in the red.
SHIB Price, Source: CoinGecko
SHIB's unsteady condition accompanies 4 bearish signs that recommend more pullback in the future. The very first is the decreasing Net Network Growth (a momentum signal that "provides a pulse of the real development" of the token's underlying blockchain). According to IntoTheBlock, it is down 0.19% on a day...