The post Here’s Why Shiba Inu Price’s 3-Month Downtrend Could Continue appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB), the popular meme coin, has been struggling to break out of a downtrend that has persisted for the past three months.  Despite recent efforts to regain momentum, SHIB’s price failed to sustain upward movement, indicating that the altcoin may not be able to recover just yet. As market conditions continue to fluctuate, Shiba Inu could face further challenges in its attempts at recovery. Shiba Inu Sees LTHs Panicking Investor sentiment has taken a bearish turn, as evidenced by the rising Age Consumed metric. This metric tracks the movement of coins that have been held for an extended period of time. During a price decline, a spike in Age Consumed often indicates that long-term holders (LTHs) are selling their positions to offset losses.  In the case of Shiba Inu, the increasing movement of HODLed coins suggests that investors are not confident in the short-term price recovery. As a result, the market’s outlook remains cautious, with LTHs likely contributing to the selling pressure. Additionally, the current shift in market sentiment reflects growing uncertainty among Shiba Inu holders. Shiba Inu Age Consumed. Source: Santiment The macro momentum of Shiba Inu is also showing signs of weakness. The MVRV Long/Short Difference indicator, which measures the profit levels of short-term holders (STHs) versus long-term holders, suggests that STHs are dominating in terms of profits. As STHs remain in control, the market could experience continued volatility, with investors hesitant to buy into the token without confirmation of sustained price growth. With short-term holders more likely to liquidate their assets quickly, Shiba Inu faces increased risks of further price declines. Shiba Inu MVRV Long/Short Difference Source: Santiment SHIB Price Breakout Could Be Reversed Shiba Inu’s price is currently hovering at $0.00001276, just above the support level of $0.00001275. After a brief breakout in the last 48…

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Filed under: News - @ March 21, 2025 7:17 pm