CandleFocus

Shiba Inu Price Retreats with Holders Unimpressed by ‘Shib The Metaverse’

Shiba Inu's latest announcement about the launch of "Shib The Metaverse" has failed to generate excitement among investors. The price of SHIB has dropped by almost 10% in the past 24 hours and is expected to fall further. The planned virtual space aims to be a central hub for community members, but SHIB holders have not reacted positively to the news. The declining open interest and Chaikin Money Flow suggest reduced market participation and a potential liquidity outflow. If market interest continues to decline, SHIB's price could fall further, but a resurgence in demand could lead to a price increase.

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