Shiba Inu (SHIB) Price History Reveals Brutal Truth About August
Main Idea
Shiba Inu (SHIB) has historically performed poorly in August, with recent years showing declines, and current indicators suggest a continued lack of bullish momentum.
Key Points
1. August has been a challenging month for SHIB, with mixed performance: up 10.1% in 2021 and 3.36% in 2022, but down 13.3% in 2023 and 5.44% in 2024.
2. SHIB is down over 38% year-to-date (YTD) and is currently retesting its yearly low at around $0.0000125.
3. The SHIB ecosystem shows little activity, with no significant celebrity tweets or whale flows, and the price is trading sideways with a slight downward trend.
4. Despite Ethereum (ETH) performing well recently, SHIB has not benefited, and the outlook for August suggests another quiet or declining period.
5. Historical trends and current market conditions indicate a lack of bullish momentum for SHIB in the near term.
Description
Shiba Inu (SHIB) price record in August is nightmare for bulls, Here's why
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