Shiba Inu Price Plummets Again: Meme Traders Seek Refuge in IntelMarkets AI

The cryptocurrency market is still grappling with the aftershocks of Black Monday’s volatility, and Shiba Inu (SHIB) remains under pressure as investors are bracing for another potential price decline. While SHIB saw a brief upward surge between Monday and Tuesday, it quickly reversed course and dropped again, adding to its existing losses that exceed 12% over the past month. The downward trend is largely attributed to macroeconomic shocks. Despite attempts by the SHIB community to stabilize the token’s value, bearish market sentiment across cryptocurrencies impacted all listed assets.