Shiba Inu Faces Bearish Turn as Sellers Dominate Market
Shiba Inu Faces Bearish Turn as Sellers Dominate Market
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Shiba Inu (SHIB) has halted its recovery efforts, with its price turning negative. Market data indicates a significant return of sellers, leading to a bearish outlook for the token.
SHIB Price Action Turns Negative Amid Increased Selling Pressure
The meme coin Shiba Inu (SHIB) has reportedly lost its momentum towards a potential recovery, with its price flipping into negative territory once again. Data on exchange flows suggests a strong influx of sellers, with billions of SHIB tokens being liquidated, contributing to a pronounced bearish sentiment in the market. This U-turn in market dynamics indicates increasing selling pressure that could prevent short-term price appreciation for SHIB, as it loses track towards the $0.000006 mark.