Crypto
SHIB's September Showdown: A $0.0000050 Floor Holds Key to Avoiding Capitulation
SHIB trades at around $0.0000052, $0.0000054, and while it may look good on paper, analysts are warning of a potential downturn.
The token has been struggling this year, sitting 57-58% lower year-over-year and 94% below its all-time high.
September is statistically SHIB's worst month on record, averaging a -2.72% return with a -2.99% median, closing green exactly twice since inception.
The Shibarium burn tracker has stopped loading figures, creating a narrative vacuum that tends to cut in one direction, down.