Shiba Inu hitting $1? Analysts aren't so sure. 🤯🐕😰

Despite the hype, indicators point to a potential downturn for Shiba Inu. Recent data from Santiment indicates a drop in new addresses, signaling waning interest. Analysts highlight an inflow surpassing outflow, indicating a prevalent selling trend.

Market sentiment leans towards selling over accumulation, casting doubt on Shiba Inu reaching $1. With a significant 91.30% drop from its All-Time High, recovery poses a considerable challenge. Glassnode's NVT Signal, showing an increasing trend, challenges a favorable trading discount.

Considering these factors, Shiba Inu's short-term outlook is challenging. The NVT Signal and other metrics suggest a possible dip, raising questions about reaching $1 in the long run. Caution is advised in the current market conditions. While price jumps may occur, obstacles caution against overly optimistic predictions. Stay informed for wise decisions. #SHIB #SHIBAnalysis #ShibaPriceAnalysis #Write2Earn #TrendingTopic 📉💡