{"id":438410,"date":"2023-09-12T09:01:09","date_gmt":"2023-09-12T09:01:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=438410"},"modified":"2024-06-06T18:08:16","modified_gmt":"2024-06-06T18:08:16","slug":"shias-shining-moment-shia-on-track-to-reach-0-20","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shias-shining-moment-shia-on-track-to-reach-0-20","title":{"rendered":"Shia’s Shining Moment: SHIA on Track to Reach $0.20"},"content":{"rendered":"

Shiba Saga (SHIA) price has significantly dropped over the last 24 hours, dipping from $0.1459 to $0.1056 yesterday, September 11.<\/p>\n

The level at $0.1056 represents the token’s daily and all-time low, but since the dip, the price managed to recover somewhat, currently at $0.1223. Despite the recovery, the token traded 12% lower than 24 hours ago.<\/p>\n

However, SHIA is down by nearly 49% weekly after dropping from $0.269 on September 5.<\/p>\n

The price dropped rapidly on September 6, followed by a sharp surge in the day’s final hours, allowing it to climb back to $0.25. After that, the token’s value started spiraling down once again, which led it to a support at $0.132 on Friday, September 8.<\/p>\n

Over the weekend, the token fluctuated between this support and resistance at $0.15, but the support eventually broke on Sunday, causing the token to drop to $0.12. Monday brought a short surge back to $0.15, followed by a previously described drop.<\/p>\n

Its volume is also deficient, sinking to only $3 million. In comparison, yesterday, the average daily volume was at $5.6 million; on September 6, it was at $8.79 million, the highest during the past week.<\/p>\n

\"Chart<\/p>\n

However, the price of SHIA is not the only one that tumbled lately. Many meme coins saw a similar fate, especially PEPE, which has seen massive dumps over the last week. The token was dumped by multiple whales, who either sold it or converted it to other cryptocurrencies.<\/p>\n

Even so, it would be wrong to say that the current market targets meme coins, as some perform better than others.<\/p>\n

Shiba Saga’s recent price surge makes it hot pair<\/h2>\n

Before its recent crash, SHIA saw quite a decent performance, as we have seen. It sought to make a mark as one of the most successful meme coins, and it managed to do quite well, even becoming one of the hot pairs on DEXTools — a platform that monitors crypto trends.<\/p>\n

However, as we went deeper into September, the token’s pair dropped from the higher position to positions 6 and 8, eventually dropping from it entirely as its price started to spiral down.<\/p>\n

Some posts on X from less than a month ago revealed that the community had high expectations from SHIA, but unfortunately, its value did not manage to resist the bearish market.<\/p>\n

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Pepe can't 1,000x from here@Shibasagaio<\/a> can.<\/p>\n

8:28pm Dubai time.<\/p>\n

2h 35m from now<\/p>\n

— ⭕️ Carlos👌🏼ROcelote (@Carlos_ROcelote) August 22, 2023<\/a><\/p><\/blockquote>\n