Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Shiba Inu (SHIB) prediction: 18% price drop expected?
TRADING NEWS

Shiba Inu (SHIB) prediction: 18% price drop expected?

By Crypto FlexsApril 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Shiba Inu (SHIB) prediction: 18% price drop expected?
Share
Facebook Twitter LinkedIn Pinterest Email

Shiba Inu (SHIB) price is facing weakness at the time of writing, which could lead to further declines for the meme coin.

Investors may argue against this, but their intentions now seem to be toward selling rather than accumulating.

Shiba Inu investors do not see profits

The price of Shiba Inu can be observed as a red candlestick forming on the daily chart as investors are not acting very optimistic at the moment. Meme coins, which are dominated by whale holders, are showing signs of slowing down in accumulation.

The top whale addresses removing exchange wallets added just over 13 trillion SHIB, worth about $328 million, over the past two months. This indicates that SHIB holders have no incentive to accumulate tokens.

Shiba Inu whale owned. Source: Santiment

This may result in SHIB losing any boost it may have received from the whale regarding recovery.

Read more: How to Buy a Shiba Inu (SHIB) and Everything You Need to Know

To make matters worse, individual investors aren’t very keen on being optimistic. These investors want to sell their assets, which can be observed when distributing active addresses through profitability.

It is concerning that approximately 21% of investors currently trading on the network are making profits. This is because SHIB holders are likely to look to sell amid falling prices. Since this will offset their losses, they can dispose of their holdings until more profitable market conditions emerge.

Shiba Inu active addresses by profitability.
Shiba Inu active addresses by profitability. Source: IntoTheBlock

As a result, altcoins will suffer.

SHIB Price Prediction: Stay in Your Lane

Shiba Inu prices, which have been moving within a downward channel for a month and a half now, will remain the same. This is because MEMCOIN has recently failed to break through the upper trend line.

Additionally, depending on investor behavior and market conditions, the cryptocurrency asset is likely to decline to test the lower trend line as support once again. This leaves a potential downside target at $0.00002039.

SHIB/USDT 12-hour chart.
SHIB/USDT 12-hour chart. Source: TradingView

Read More: Shiba Inu (SHIB) Price Prediction for 2024/2025/2030

However, if SHIB can circumvent these conditions by rebounding the support at $0.00002268, it could bounce back. A break above the upper trend line would invalidate the bearish argument, pushing the price of Shiba Inu towards $0.00002835.

disclaimer

In accordance with Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always do your own research and consult with a professional before making any financial decisions. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Tapbit secures strong presence at TOKEN2049 in Singapore

October 13, 2025

Why Bitcoin Could Rally Up to 21% This Week: Expert Explains

October 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Phemex Announces Halloween Futures Trading Festival With 200,000 USDT Prize Pool

October 13, 2025

ViaBTC Unveils Enhanced Collateralized Loan Service For Global Miners

October 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025
Most Popular

How can I protect my cryptocurrency?

March 18, 2024

Analysts say Bitcoin price recovery will be ‘significantly faster’ than in previous cycles.

December 6, 2023

Why Solana Surges After Trump’s Shocking Victory

November 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.