Shiba Inu Price Prediction: SHIB Heads for a Sixth Losing Week Below $0.0000047

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Shiba Inu trades at $0.00000446 on Sunday morning, 5.2 percent below the week's open. If SHIB closes the week under $0.0000047, it will be the sixth losing week in a row.The week is settled on Sunday night: Shiba Inu is heading for its sixth losing week in a row.Add as a preferred source on GoogleFollow on Google NewsWhat we know: Shiba Inu trades at around $0.00000446 on Sunday morning, November 8, roughly €0.0000040. On Monday of this week, at midnight UTC, the price still stood at $0.00000470. SHIB therefore needs 5.4 percent by the weekly close in the night to Monday just to finish the week flat. If it falls short, a sixth consecutive losing week joins the streak that began at the end of September. Our assessment follows further down, based on the weekly closes since September 28, the derivatives market and sentiment across the wider market. According to daily data from CoinGecko, SHIB moved between $0.00000445 and $0.00000450 over the past 24 hours, a band of just...