Shiba Inu falls 20% amid crypto market comeback

At $0.000025 on Wednesday, Shiba Inu falls 20% from December 9.

Since the market rebounded, solana meme currencies like Fartcoin (FART) and Goatseus Maximus (GOAT) have reigned.

Between December 9 and 18, SHIB whale transactions above $100,000 dropped 83% on-chain.

Wednesday's Shiba Inu starting price was $0.000026, its lowest since November 29. On-chain data indicates SHIB cryptocurrency failing to generate whale demand while Solana memes dominate social media.

Shiba Inu falls 20% amid crypto market comeback.

Since December 10, Bitcoin, Ripple (XRP), and Cardano (ADA) have gained double-digits, while Shiba Inu has fallen.

SHIB price fell 20% from $0.0000032 in December to $0.000025 at press time on Wednesday.

Following Solana meme domination, Shiba Inu whale demand drops 82%.
Since December 10, Solana memecoins have seen significant money inflows, surpassing Shiba Inu (SHIB) and Dogecoin.

In particular, Fartcoin (FART) gained almost $600 million, while Goatseus Maximus also gained.

The big transactions chart below displays daily deals above $100,000. This shows how huge investors trade during market occurrences.

Big Shiba Inu Transactions | IntoTheBlock

On December 9, Shiba Inu whales traded 18.85 trillion SHIB.

Since then, they have reduced their activities, trading just 3.3 trillion SHIB in huge deals on December 17.

In the previous 9 days, whale investors have bought 82% less SHIB, corresponding with the 20% price drop.

Shiba Inu Forecast: $0.000025 support threatened

Shiba Inu pricing is under pressure, and a major $0.00002561 support zone might collapse.

The SHIB/USDT chart shows a nine-day downtrend and 20.64% price decline.

Prices may reach $0.00003297 upper Bollinger Band resistance if demand persists.

Failure to hold above $0.00002561 might cause further sell-offs.

Bulls must defend the structure at $0.00002451, the next significant support

A break below this level might end bullish momentum and push SHIB below $0.00002200.

#SHIB #BTCNewATH #BinanceAirdropsCATandPENGU $SHIB