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Only 5% of Shiba Inu (SHIB) Holders Remain in the Green as Bearish Outlook Worsens
The bearish market conditions have taken a toll on Shiba Inu (SHIB), with an overwhelming majority of holders seeing their investments decline in value. According to recent data, only 5% of SHIB investors are currently profitable.
This dismal situation has been exacerbated by the ongoing correction in the cryptocurrency market, fueled by macroeconomic uncertainty and risk-off sentiment brought about by concerns surrounding the escalating trade war. The bleak outlook for SHIB’s price action is likely to continue unless fresh capital or a significant turnaround in market momentum materializes soon.
In order to regain technical strength and offer hope to the 90% of holders who are currently underwater, it appears that SHIB would need to reclaim its $0.000012 support level.
Until this occurs, the current state of affairs remains precarious for investors holding onto their SHIB tokens.
Source: https://u.today/only-5-of-shiba-inu-shib-in-profit-unpleasant-numbers
