The continued market sell-off has resulted in a majority of SHIB investors holding positions in the red. Only 18% of SHIB holders are currently profitable, according to data from IntoTheBlock. The sell-off has also led to a decline in SHIB's price, with the cryptocurrency down 6.31% in the last 24 hours. However, this could present an opportunity for long-term holders to accumulate at a discounted price. Looking ahead, March historically has been a positive month for Shiba Inu, except in 2023. If market sentiment improves and demand increases, SHIB could see a recovery with a break above certain price levels signaling a bullish comeback.



Other News from Today