SHIB prices fall by 25% – Should you buy the dip? The 50% r | Crypto Push

SHIB prices fall by 25% – Should you buy the dip?

The 50% retracement level could be hotly contested
The market structure of SHIB was firmly bearish. The RSI also fell below neutral 50 to reflect downward momentum.

The supply on exchanges saw a steady drop
The supply on exchanges metric trended higher in October and the first half of November. Thereafter, it has fallen. This showed increased SHIB accumulation. The mean coin age also reversed its downtrend in the past month.

This was a strong signal of a high volume of SHIB token movement and pointed toward the likelihood of a wave of selling. Another, smaller wave could be imminent.