It's back to square one for Shiba Inu (SHIB/USD), which has been on a downward trend since August 16. According to our prior forecast, SHIB/USD would reach an all-time-low of 0.00000655. A negative trend was identified in our investigation by looking at the technical indicators.
According to data from August 26, Shiba Inu's total value locked (TVL) fell to just under $350 million, down from more over $1 billion in a month. Shiba Inu's TVL has fallen to $342.14 million at the time of writing. Cryptocurrency continues to lose investors due to a lack of mentions from influential people.
It's time to see what's going on now. After erasing all of its gains since August 7, SHIB/USD is now hovering just above the support level of 0.00000655. After reaching a high of 0.0000095 on August 16, the crypto coin is presently trading at $0.00000670.