• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Shiba Inu [SHIB] succumbs by 10% following a brutal bear attack
Shiba Inu

Shiba Inu [SHIB] succumbs by 10% following a brutal bear attack

October 13, 2021 by Sahana Kiran

Despite being fairly new to the market, Shiba Inu [SHIB] had the attention of the entire crypto community. From being touted as a rival of the famous meme coin, Dogecoin [DOGE], Shiba Inu quite swiftly climbed the crypto-ladder. In no time, the altcoin had all eyes on it. Its latest price surge was another spectacular that was lauded by many.

Shiba Inu, however, failed to sustain its bullish notion. Despite garnering profits of about 29% over the previous few days, SHIB was drowning in the red sea. At the time of writing, SHIB was trading for $0.00002822 with a 10% drop over the last 24-hours. The altcoin’s hot streak was assuredly infringed by the bears.

SHIB wasn’t the only asset that was heckled by the bear, an array of other coins like Bitcoin [BTC], Dogecoin [DOGE], Terra [LUNA], and a few others were seen riding the bearish wave. Yet, none of these assets endured as big of a fall as Shiba Inu.

Moving on to its market cap, SHIB slid down the crypto ladder. The altcoin was evidently making its way onto the top 10, however, this was was disrupted and the coin stands as the 18th largest cryptocurrency. During press time, SHIB’s market cap was at $11.14 billion.

Shiba Inu [SHIB] one-hour price chart on FTX

Shiba Inu
Shiba Inu [SHIB] succumbs by 10% following a brutal bear attack 3

The one-hour price chart of SHIB noted major bearish signs. The Bollinger Bands indicator that keeps a check on the volatility rate in the market, revealed that SHIB wasn’t going to endure any major price fluctuations as the bands were close to each other. The MACD line fell below the signal earlier today, forming a bearish crossover.

The Relative Strength Index [RSI] indicator noted that Shiba Inu was being heavily sold than bought. The RSI marker was below the 50 median, however, not too deep towards the oversold zone. Therefore, the chances of recovery were still bright in the Shib market.

Filed Under: News, Altcoin News, Market Analysis Tagged With: Shiba Inu Coin

Primary Sidebar

Recent Posts

  • Cardano’s IOHK Weekly Report: Hoskinson’s ‘Beef’ With Solana & Much More June 26, 2022
  • Bitcoin Price Slump Lead to Miners’ Loan Piling Up By $4B June 25, 2022
  • MATIC Making Huge Moves As Price Leaps By 93% In 6 days June 25, 2022
  • Shiba Inu Seems To Regain Whale Interest as It Enters Top 10 Trading List June 25, 2022
  • Cardano’s Charles Hoskinson Provides Testimony About Crypto Regulations to the Congress June 24, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.