Shiba Inu short news:
- SHIB joins marketwide rally. The Shiba Inu price has joined the recent marketwide rally, rising over 1.8% in the past 24 hours. This comes as the overall cryptocurrency market has rebounded slightly from its recent lows. However, SHIB is still down over 10% in the past month and over 70% from its all-time high.
- Short-term SHIB price predictions for October. Analysts are mixed on the short-term prospects for Shiba Inu. Some believe that the current rally could continue and push SHIB to new highs, while others believe that the asset is overvalued and could be due for a pullback.
- Recent 800 billion SHIB dump has short traders worried. In late September, a whale wallet dumped 800 billion SHIB tokens onto the market, causing a sharp drop in the price. This has led to concerns among short traders that the asset could continue to decline in the near term.
