SHIBs Price Rollercoaster: Brace for Another Dip?

By Lola Coin Jun 27, 202377Views

The price of Shiba Inu (SHIB) has experienced a 40% gain between June 10 and June 22, but concerns over a major price correction have emerged. The support level of 0.0000075 is being closely watched by investors. However, the launch date of Shibarium Layer-2 solution, which was highly awaited, remains uncertain. Additionally, Elon Musk’s Twitter suspended Shiba Inu’s ‘Burn Tracker’ account, causing bearish concerns among investors. The lack of progress updates on Shibarium’s launch and the negative sentiment surrounding SHIB have raised further worries. The network growth of Shiba Inu has slowed, and there has been a significant decline in active wallet addresses, indicating a struggle to attract new users. These factors may contribute to the SHIB price struggling in the coming weeks. Predictions suggest a potential downswing towards $0.000006, but critical support levels and bullish moves could change the narrative.

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