Analysts Warn: Selling SHIB Now Could Be a Mistake

Analysts maintain confidence in a Shiba Inu recovery despite the token’s steep decline over recent months. Their stance rests on historical patterns that suggest the current downturn may mirror earlier stages of major rallies. The broader market environment also shows early signs of improving risk appetite. As a result, analysts argue that patient holders could benefit if conditions align in the coming months. Historical Patterns Strengthen Recovery Expectations Digital Asset Research stated in a recent X post that Shiba Inu may be nearing its bottom after a prolonged decline. The firm pointed to SHIB’s 20% drop over the past 30 days and its 62% slide since January as part of a familiar cycle seen five years ago. The analysis recalled that SHIB peaked in August 2020 before losing 99% of its value over 120 days, reaching a low in December that year. It added that the token then delivered an...

https://coinpaper.com/12783/analysts-warn-selling-shib-now-could-be-a-mistake