81% Shiba Inu (SHIB) investors are now in danger, with the world’s second most popular meme coin largely failing to emulate the bull market seen in other major cryptocurrencies like bitcoin and ethereum this year.
according to data from intoblockWhose summary of six on-chain and exchange signals is “mostly bearish”, with four bearish, one neutral and only one bullish.
Shiva/USD was last changing hands around $0.0000086, down about 45% from the previous yearly high in the $0.000016 area, with yearly gains now down to just 10%.
Shiba Inu Losses have been piling up in recent days as the cryptocurrency declined below key medium-term support below the $0.000010 level, with many technicians wondering if a test of late 2022 lows in the $0.0000078 area is on the cards.
Where’s next for Shiba Inu (SHIB)?
ominously, Shiba Inu Currently testing a major uptrend that is offering long term support until September 2021.
A break below here could create a spark in the meme coin, and potentially set the stage for it to move back to the $0.000006 area.
Can NOMEME regain its shine? Here’s How To Buy
Shiba Inu as crater, second, new meme coin called no mem token (NOMEME) is also seeing a huge drop in prices.
The No Meme token (NOMEME) was launched in the wake of a tweet by Twitter, Tesla and SpaceX CEO Elon Musk, who on Wednesday shared a picture of a Milady Maker with the captions “There is no meme” and “I love you”. .
Milady Maker is a popular non-fungible token (NFT) collectible on OpenSea and Musk’s tweet prompted an immediate pump in the collectibles price bottom.
it pumped up to 10x Compared to its listing price on Uniswap in the first few hours, it has since come under significant selling pressure and is down about 85% from its previous weekly high.
But some observers still think that Mem Coin could benefit from one last pump.
Buying NOMEME is easy through Project Simplicity WebsiteWhich has a Uniswap embed.
Users only need to connect their Web3 wallet to the Uniswap plugin and they can start buying NOMEME right away.