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Shiba Inu is less interested in Google search as prices go down
Tokens remain most held by Ethereum whales
SHIB will continue to fall in the bear market, but prices will soon find support
Shiba Inu SHIB / USD prices are heavily influenced by retail interest and social media enthusiasm. Therefore, lower interest rates have a negative impact on prices. Therefore, the Google search query for “Shiba Inu” will be the lowest in July for over a year. Lower interest rates are reflected in prices, but also due to the growing weakness of cryptocurrencies.
As a press time, SHIB has decreased by 7.82% in the last 24 hours. This reduction brings total loss for the week close to 10%. However, it should be remembered that SHIB has maintained its upward momentum since mid-June.
Whalestat data also show that SHIB is the most held token by Ethereum whales after ETH. This shows expectations for future price increases. Therefore, a decline in search interest may not accurately reflect the price, but it can cause short-term weaknesses.
Source TradingView
We believe that $ 0.0000104 is the level to monitor SHIB investors. The level is a make or break zone because it is a support that marks the bottom of the integration zone. The MACD line is below the moving average, indicating further bear pressure. The moving average also adds to the resistance. If SHIB falls below support, it could drop to $ 0.0000077.
Shiba Inu have witnessed a decline in interest in Google search, but whale ownership remains strong. Tokens are trading lower and are approaching support for $ 0.0000104. SHIB must overcome below-support declines to stay in the integrated zone.
Shiba Inu is less interested in Google search as prices go down
Tokens remain most held by Ethereum whales
SHIB will continue to fall in the bear market, but prices will soon find support
Shiba Inu SHIB / USD prices are heavily influenced by retail interest and social media enthusiasm. Therefore, lower interest rates have a negative impact on prices. Therefore, the Google search query for “Shiba Inu” will be the lowest in July for over a year. Lower interest rates are reflected in prices, but also due to the growing weakness of cryptocurrencies.
As a press time, SHIB has decreased by 7.82% in the last 24 hours. This reduction brings total loss for the week close to 10%. However, it should be remembered that SHIB has maintained its upward momentum since mid-June.
Whalestat data also show that SHIB is the most held token by Ethereum whales after ETH. This shows expectations for future price increases. Therefore, a decline in search interest may not accurately reflect the price, but it can cause short-term weaknesses.
Source TradingView
We believe that $ 0.0000104 is the level to monitor SHIB investors. The level is a make or break zone because it is a support that marks the bottom of the integration zone. The MACD line is below the moving average, indicating further bear pressure. The moving average also adds to the resistance. If SHIB falls below support, it could drop to $ 0.0000077.
Shiba Inu have witnessed a decline in interest in Google search, but whale ownership remains strong. Tokens are trading lower and are approaching support for $ 0.0000104. SHIB must overcome below-support declines to stay in the integrated zone.
