Shiba Inu’s ($SHIB) bearish momentum shows no signs of slowing, with the token now trading around the $0.0000085 level.
The $SHIB price has dropped 46% from February’s high, and unfortunately for bullish investors, many believe this decline is likely to persist.
However, it’s not all bad news in the meme coin market, with presale phenomenon Wall Street Memes ($WSM) surpassing the $2.5 million milestone in its presale – all in less than one week.
Shiba Inu’s Prolonged Downturn Sparks Investor Concern
As the week draws to a close, Shiba Inu investors continue to find themselves grappling with a downturn in the token’s price.
The “Dogecoin killer” has seen price stuck in a consistent downtrend since April 16 and is likely to finish in the red for the sixth week out of the last seven.
$SHIB is now hovering around the same value that it was at the start of 2023 – meaning all gains made in the previous months have…
