Crypto: -42% In One Month, Can Shiba Inu Bounce Back?

The departure of the lead developer of Shiba Inu has not left everyone happy. On the contrary, this memecoin is going through a storm that is testing the nerves of its investors. The crypto market has gone off in the wrong direction, and SHIB has not been spared. Between panic selling and a dizzying drop in technical indicators, the picture is far from rosy. But could a mysterious announcement from the team change everything?

Shiba Inu investors in panic mode

This is no longer a minor setback; it’s a genuine freefall. In one month, the price of Shiba Inu has plummeted by 42%, reaching an unprecedented low in four months. Just in the last 24 hours, SHIB experienced a nosedive of 19.91%, flirting with the abyss of crypto.

It’s no surprise that investors, sweating bullets, emptied their pockets before they lost their shirts.

Behind this debacle, a well-known phenomenon: general panic. The crypto market is not in its best shape, and traders are rushing for the emergency exit. The result: mass liquidations, with $7.2 million in long positions turned to dust.

The numbers speak for themselves:

• 41.64% drop in Futures Open Interest, signaling a waning confidence;
• An RSI (Relative Strength Index) collapsing from 39 to 24, confirming a market in oversold territory;
• A sharply rising trading volume, but not for the right reasons: selling dominates.

At this rate, if nothing stops the hemorrhaging, SHIB could very well seek the depths of $0.00001088.

SHIB crypto price: a hope from the shadows?

While most investors are struggling to digest these numbers, the enigmatic Shytoshi Kusama, leader of Shiba Inu, is blowing hot and cold. On X, he posted a teaser announcing a major change for the SHIB ecosystem.

https://twitter.com/ShytoshiKusama/status/1885680600931029169

Enough to spark interest… or annoy the old guard.

The announcement speaks of a “key to the future” and a decisive turning point, without giving more details. Some speculate about a technological partnership, while others dream of a blockchain revolution.

But a segment of the crypto community remains skeptical, burnt by previous empty promises.

As one investor in the project, Yasei Okami, points out:

“Maybe we will see something important… in five years. For now, it’s the same old tune.”

https://twitter.com/LucieSHIB/status/1886046857605918949

Even Lucie, a prominent member of the community, prefers to bet on solid projects:

“Real developers focus on technology, not on price. That’s where true value lies.“

However, last December, Shiba Inu experienced a spectacular surge of 235%, proving that it has not said its last word. So, is this collapse just a passing phase before a new momentum? Investors are waiting to see if the SHIB crypto can once again defy predictions.