The Impact of Bearish Sentiment on Shibainu (SHIB) Price

The price of Shibainu (SHIB) has been affected by rising bearish sentiment among investors, which is evident in their actions.

If such skepticism deepens, meme coins may struggle to recover from five-month lows.

Shibainu investors vote no

Sibainu’s price has fallen 22% in the past 24 hours, a result of similar market conditions among bearish investors. Negative sentiment among SHIB holders is evident in changes in funding rates.

Funding ratios suggest that combined with the recent price decline, SHIB investors are expecting a decline. Their concerns about falling prices are reflected when prices turn red.

Read more: How to Buy Shibainu (SHIB) and Everything You Need to Know

The Chaikin Fund Flow (CMF) shows Sibainu investors are actively recovering their investments. This significant trend of capital outflows shows the increasing caution and dissatisfaction of the investor community. The CMF highlighted the scale of fund withdrawals, with outflows hitting a two-month high. The increase in activity indicates a significant shift in investor sentiment towards SHIB.

SHIB Price Prediction: Trendline Breakout

Shivanu’s price fell below the 0.00001105 support at 0.00001141, leaving the altcoin vulnerable to a drop to the 0.00000898 support. This level has prevented further declines in the past, and SHIB may rebound from this level. For Mim Coin to recover and break above the downtrend line, $0.00001473 must first turn into support. Given the current difficulties, this could be difficult and SHIB could fall below this level.

Learn More: Shibainu (SHIB) Price Prediction 2024/2025/2030

On the other hand, a recovery is possible if SHIB investors change their stance and become bullish again. A break above the downtrend line will invalidate the bearish logic and allow you to regain lost profits.