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Title: SHIB’s Outright Selloff May Not be the End; a Downturn is Coming
The price of Shiba Inu (SHIB) has been subject to considerable fluctuation over the past few days, with market trends failing to inspire confidence among investors. The asset’s recent 24-hour performance, which saw it plummet by an astonishing 18.64 trillion SHIB in outstanding derivatives contracts or Open Interest, has raised concerns about its long-term prospects.
Despite 2,816,572,700,000 SHIB in outstanding derivatives contracts or Open Interest, the market remains unsure about the direction of the asset’s value. The Relative Strength Index suggests that investors are at a loss regarding the asset, with no clear indications of a recovery on the horizon.
It is essential to note that while 18.64 trillion SHIB in outstanding derivatives contracts or Open Interest may appear to be an enormous amount, it does not necessarily guarantee the success or failure of the project.
Source: u.today
