🤔Why Shiba Inu may experience a ‘messy June’

📉 Shiba Inu (SHIB) Analysis

🔄 Exchange Net Position Change: SHIB saw a positive change in Exchange Net Position, indicating increased token deposits on exchanges, potentially leading to selling pressure and price decline.

💥 Recent Performance: Despite a negative net change from March till mid-May, SHIB's price only benefited in March, hitting $0.000035. April and May saw sideways movement.

💼 Market Conditions: SHIB's current value is $0.000024, down 6.49% in the last 90 days. Exchange supply surge suggests potential price decline.

💔 Demand Decline: Network Growth, indicating new addresses interacting with SHIB, has declined, hinting at potential plunge to $0.000020.

🚀 Potential Bounce: A spectacular demand surge could rally SHIB to $0.000030. However, current circulation indicates SHIB may not attract as much liquidity as other meme coins.

📈 Conclusion: Unless there's a significant change, SHIB's fate looks bleak for the month, with potential for continued decline.