Shiba Inu Market Downturn: Only 5% Making Gains, Amidst Bleak Outlooks

The cryptocurrency market continues to experience a downturn for Shiba Inu (SHIB), with the asset falling below crucial support levels. Notably, only 5% of SHIB holders are currently profitable, as many investors are facing substantial losses. The price hovers around $0.0000107, and the charts offer little respite from this volatile trend. As the asset experiences a sharp decline, SHIB’s position is becoming increasingly vulnerable.