Shiba Inu Falls to 4-Month Lows: Is This the Right Time to Buy?
Shiba Inu falls to its 4-month lows days after the CPI data shows inflation in the US at 8.2%. The inflation rates are down 0.4% since last month indicating that the Feds interest rate hikes to combat inflation isn’t working. Shiba Inu fell to $0.000009385 in its day’s lows touching its June 2022 levels. However, the crypto has slightly managed to come out of its 4-month lows on Friday after spiking 8% in the indices. Nonetheless, SHIB is still hovering at its lower levels of June 2022. Also Read: Shiba Inu: Will Shibarium Burn 100 Trillion Tokens? Shytoshi Responds Source: TradingView.com Friday’s bottom is the lowest level that Shiba Inu traded since June 21 this year. If the markets shed their gains during the weekend, SHIB could fall below its 4-month lows . Is This The Right Time To Accumulate Shiba Inu? The global economy is weak and both the stock and crypto markets traded in the red in October. Inflation is not brought under control despite mul...