Foreign media: Analysts on TradingView have rated SHIB as "sell." According to the original text, this judgment came after a continuous decline in SHIB, and market confidence in its subsequent performance significantly diminished.
Recent trend under pressure
The decline over the past month has erased some of the gains it had accumulated over the years. According to the original text, this has put it in a relatively poor performing position within the broader crypto market.
Limited project activity
The article mentions that there are not many new projects related to SHIB, and the activity of existing projects is also relatively low. The text gives examples such as the decline in popularity of the ShibaEternity card game, and it has become difficult to advance SHIB : The Metaverse.
Shibarium remains the key variable
It is also mentioned in the original text that Shibarium was once regarded as an important support for SHIB because it could reduce transaction fees and was used to destroy SHIB tokens. However, the article states that the destruction data on its official website has stopped being updated, which further dampens market expectations.
