Shiba Inu Could Decline 15%, New Downtrend Coming Soon? By CoinQuora

Shiba Inu Could Decline 15%, New Downtrend Coming Soon?

• SHIB token price could dissolve to 15% anytime from now.
• Shiba Inu can invalidate the 15% decline if it records a price of $0.00003057.
• Traders’ buying behavior can also be a fact to invalidate the decline.

Shiba Inu (SHIB) may perform market correction to almost 15% — meaning SHIB will retrace from its current price of $0.00003042 downward if the crypto fails to maintain its market performance.

The suggested 15% decline follows Shiba Inu’s rally at the beginning of February. To note, the SHIB price reversal in February is said to be the new unseen pillar that will facilitate the forecasted Shiba Inu’s 15% correction, as reported by Fxstreet.com.

TradingView: Chart

For Shiba Inu to invalidate the 15% downtrend, it has to go bullish to a certain height and record a price of $0.0000342. By doing this, the crypto will gain strength to overcome the bearish market. In addition, this will substantially push SHIB ahead to start a new price upsurge.

At the time of writing, Shiba Inu’s price is $0.00003057 with a 24-hour volume of almost $1.6 billion, based on CoinMarketCap data. Also, the SHIB token has a growth rate of 0.25%. These statistics rank Shiba Inu as the 14th largest cryptocurrency in the world.

Lastly, traders’ buying behavior can be a factor to invalidate SHIB’s 15% decline. In other words, if traders continue to accumulate more SHIB tokens rather than sell, Shiba Inu will survive the projected bearish market.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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