So-called Dogecoin-killer Shiba Inu ($SHIB) continued to slide this week amid a wider market downturn, continuing a months-long losing streak as it loses shine to other emerging memecoins.
Let’s have a look a closer look at the technical and cultural events surrounding SHIB, and why AiDoge and yPredict are two tokens that continue to grow despite current market bearishness.
Shiba Inu Continues to Slide Amid Market Downturn
Shiba Inu dipped to $0.00000867 on Friday, down from $0.00000996 a week ago, and $0.00001029 14 days prior. The token is now down more than 11% over the last seven days.
According to analyst Avi Lev on YouTube, Shiba Inu’s declines are but a continuation of a week-long declining trend channel, comprised of two downward-sloping lines of support and resistance.
These declines are despite bullish announcements for the memecoin in recent weeks, such as Alpha Topup announcing that it will accept SHIB for…
