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Shiba Inu Down 22% In 1 Month: What Is Going On With SHIB?

Shiba Inu (CRYPTO: SHIB) has slipped to the 27th spot by market cap after falling 22% over the past month, but recent on-chain signals suggest bulls may be stepping in near key support.

CryptocurrencyTickerPriceMarket Cap7-Day TrendShiba Inu(CRYPTO: SHIB)$0.055467$3.2 billion-12.2%Dogecoin(CRYPTO: DOGE)$0.09142$15.4 billion-6.2%Pepe(CRYPTO: PEPE)$0.053453  $1.4 billion-17.6%

Trader Notes: Crypto chart analyst Ali Martinez said SHIB appears to be building momentum and could be entering an acceleration phase. He identified $0.00003245 as a potential upside target if bullish structure confirms and buyers maintain control.

Statistics: Data from Coinglass show Shiba Inu’s open interest has…

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