Data shows retail interest waning as SHIB down 60% in 4 weeks By Cointelegraph


(SHIB) edged further down on Nov. 24 as its appeal among the army of retail traders, who helped it rally by more than 535% to a record high of $0.00008854 earlier this year, declined.

SHIB’s price dropped by nearly 60% after establishing the said all-time high on Oct. 28, signaling that traders have been actively locking their Shiba Inu profits. That has further resulted in a substantial drop in SHIB’s benchmark instrument of SHIB/USDT volumes on Binance, underscoring a weak retail interest.

SHIB/USDT daily price chart. Source: TradingView
Internet searches for the keyword “Shiba Inu.” Source: Google (NASDAQ:) Trends
SHIB/USDT daily price chart featuring Fibonacci retracement levels. Source: TradingView
SHIB/USDT daily price chart featuring bull flag setup. Source: TradingView