{"id":529070,"date":"2023-04-28T12:58:44","date_gmt":"2023-04-28T12:58:44","guid":{"rendered":"https:\/\/wncen.com\/?p=529070"},"modified":"2023-04-28T13:03:06","modified_gmt":"2023-04-28T13:03:06","slug":"shiba-inu-price-sluggish-is-it-a-good-time-to-invest-or-cut-losses","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-price-sluggish-is-it-a-good-time-to-invest-or-cut-losses\/","title":{"rendered":"Shiba Inu Price Sluggish: Is It A Good Time To Invest Or Cut Losses?"},"content":{"rendered":"

Shiba Inu (SHIB) kicked off the year aggressively as it rallied alongside other meme coins. However, as the year progresses, Shiba Inu has experienced a downward trend leaving investors wondering: should they hold or sell?\u00a0<\/span><\/p>\n

Shiba Inu coin’s value on <\/span>Coingecko<\/a> is currently at $0.00001027, experiencing a decrease of 3.4% over the last seven days and a more significant slump of 7.8% over the past two weeks.<\/span><\/p>\n

The question on every investor’s mind now is: what move should they make next with the meme coin?<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
Key Levels To Watch For Shiba Inu<\/strong><\/h2>\n
For traders and investors who want to get a clear grasp of SHIB\u2019s price trajectory<\/a>, it\u2019s important to remember that there are two key levels to consider: the support level and the resistance level. The support level is currently set at $0.0000095.<\/p>\n
Alternately, the resistance level, which is now at $0.00001 at the time of writing, signifies the price at which sellers are expected to enter the market and sell their SHIB holdings, hence exerting downward pressure on the price of the meme coin.<\/p>\n
Related Reading: Terra Classic Recent Efforts Could Benefit LUNC\u2019s Growth Potential<\/a><\/div>\n
The price of SHIB may signify a negative signal and cause traders to sell if it breaks through the support level. On the other hand, if the price rises over the $0.00001 resistance level, it can be a bullish indicator that buyers are flooding the market and pushing the price higher.<\/p>\n
As such, keeping a close eye on these key levels can help traders make informed decisions when buying or selling SHIB.<\/span><\/p>\n
SHIB’s Growing Community, Shibarium Dev’t Could Make It A Good Buy<\/strong><\/h2>\n
Shiba Inu could be an attractive buy this month because of several reasons. For one, its community is rapidly expanding with many supporters believing in the project’s long-term potential.\u00a0<\/span><\/p>\n
Additionally, the Shiba Inu team has been diligently working on a<\/span> decentralized ecosystem <\/span><\/a>that includes a non-fungible token (NFT) platform, a decentralized exchange, to mention a few.<\/span><\/p>\n
The Shiba Inu community’s enthusiasm for Shibarium has been apparent in recent posts on the Telegram group “Shibarium Tech.” <\/span><\/p>\n
<\/p>\n
SHIB total market cap at $5.8 billion on the daily chart at TradingView.com<\/a><\/pre>\n
While there have been attempts to obtain information about the latest developments from Shytoshi Kusama, individuals have not heard anything as of April 27 despite Kusama’s promise of “big news before May.”<\/span><\/p>\n
Kusama <\/span>responded<\/span> to the community’s eagerness for Shibarium updates by highlighting the transparency of all activities related to Shibarium, including token transfers.<\/span><\/p>\n
\"\"<\/p>\n
He also emphasized the team’s dedication to making progress and stated that they are working diligently towards their goals.\u00a0<\/span><\/p>\n
Related Reading: Shiba Inu Whales Unload Billions Amid SHIB Price Retreat<\/a><\/div>\n
According to Kusama, the team is currently in “go mode” and focused on achieving their objectives rather than just hanging out. <\/span><\/p>\n
Positive updates about Shibarium could have a positive impact on the meme token’s price during the month of May.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)<\/em><\/p>\n
-Featured image from NorCal Shiba<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) kicked off the year aggressively as it rallied alongside other meme coins. However, as the year progresses, Shiba Inu has experienced a downward trend leaving investors wondering: should they hold or sell?\u00a0 Shiba Inu coin’s value on Coingecko is currently at $0.00001027, experiencing a decrease of 3.4% over the last seven days and a more significant slump of 7.8% over the past two weeks. The question on every investor’s mind now is: what move should they make next with the meme coin? Source: Coingecko Key Levels To Watch For Shiba Inu For traders and investors who want to get a clear grasp of SHIB\u2019s price trajectory, it\u2019s important to remember that there are two key levels to consider: the support level and the resistance level. The support level is currently set at $0.0000095. Alternately, the resistance level, which is now at $0.00001 at the time of writing, signifies the price at which sellers are expected to enter the market and sell their SHIB holdings, hence exerting downward pressure on the price of the meme coin. Related Reading: Terra Classic Recent Efforts Could Benefit LUNC\u2019s Growth Potential The price of SHIB may signify a negative signal and cause traders to sell if it breaks through the support level. On the other hand, if the price rises over the $0.00001 resistance level, it can be a bullish indicator that buyers are flooding the market and pushing the price higher. As such, keeping a close eye on these key levels can help traders make informed decisions when buying or selling SHIB. SHIB’s Growing Community, Shibarium Dev’t Could Make It A Good Buy Shiba Inu could be an attractive buy this month because of several reasons. For one, its community is rapidly expanding with many supporters believing in the project’s long-term potential.\u00a0 Additionally, the Shiba Inu team has been diligently working on a decentralized ecosystem that includes a non-fungible token (NFT) platform, a decentralized exchange, to mention a few. The Shiba Inu community’s enthusiasm for Shibarium has been apparent in recent posts on the Telegram group “Shibarium Tech.” SHIB total market cap at $5.8 billion on the daily chart at TradingView.com While there have been attempts to obtain information about the latest developments from Shytoshi Kusama, individuals have not heard anything as of April 27 despite Kusama’s promise of “big news before May.” Kusama responded to the community’s eagerness for Shibarium updates by highlighting the transparency of all activities related to Shibarium, including token transfers. He also emphasized the team’s dedication to making progress and stated that they are working diligently towards their goals.\u00a0 Related Reading: Shiba Inu Whales Unload Billions Amid SHIB Price Retreat According to Kusama, the team is currently in “go mode” and focused on achieving their objectives rather than just hanging out. Positive updates about Shibarium could have a positive impact on the meme token’s price during the month of May. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from NorCal Shiba<\/p>\n","protected":false},"author":557,"featured_media":529098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83767,83668,83667,87680],"class_list":["post-529070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meme-coins","tag-shib","tag-shiba-inu","tag-shibarium"],"acf":[],"yoast_head":"\nShiba Inu Price: Is It A Good Time To Invest Or Cut Losses?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) kicked off the year aggressively as it rallied alongside other meme coins. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Price Sluggish: Is It A Good Time To Invest Or Cut Losses?","url":"http:\/\/wncen.com\/news\/shiba-inu-price-sluggish-is-it-a-good-time-to-invest-or-cut-losses\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-price-sluggish-is-it-a-good-time-to-invest-or-cut-losses\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-88.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-88.png?fit=845%2C535"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["meme coins","shib","shiba inu","shibarium"],"dateCreated":"2023-04-28T12:58:44Z","datePublished":"2023-04-28T12:58:44Z","dateModified":"2023-04-28T13:03:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Price Sluggish: Is It A Good Time To Invest Or Cut Losses?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-price-sluggish-is-it-a-good-time-to-invest-or-cut-losses\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-price-sluggish-is-it-a-good-time-to-invest-or-cut-losses\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-88.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-88.png?fit=845%2C535\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"meme coins\",\"shib\",\"shiba inu\",\"shibarium\"],\"dateCreated\":\"2023-04-28T12:58:44Z\",\"datePublished\":\"2023-04-28T12:58:44Z\",\"dateModified\":\"2023-04-28T13:03:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-88.png?fit=845%2C535","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/529070"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=529070"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/529070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/529098"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=529070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=529070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=529070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}