🎁🎁Shiba Inu (SHIB) Faces Bearish Signals: 4 Alarming Indicators for Investors 🎁🎁

There was a significant decline in meme coins last week, and the category showed a significant decline overall. In particular, the major meme coins DOGE and SHIB lost over 7% in value in the last seven days. Shiba Inu (SHIB) has faced serious difficulties in the last month, losing almost 22% in value, while trading volumes have also decreased.

Shiba Inu (SHIB) has been under a lot of pressure lately. According to IntoTheBlock data, on-chain and exchange signals are largely negative for SHIB, raising investors’ concerns. One of the prominent metrics, Net Network Growth, has decreased by 0.19. This indicator is considered a signal that evaluates the real growth of SHIB’s underlying network. In addition, the “in profit” indicator shows that the proportion of SHIB investors who are in profit has decreased by 1%, with only 45% of them in profit.

Another important metric, the concentration metric, shows a stable situation, indicating that large investors are neither accumulating nor distributing SHIB tokens. In addition, the 11% decrease in large transactions indicates that whale interest is decreasing and the activity of large investors is decreasing. These factors indicate that the current market situation of SHIB is difficult and creates a worrying picture for investors.

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