Shiba Inu Tanks 7% With Broader Market, But Outperforms DOGE
0Despite falling below the 200-day SMA, SHIB remained above the Ichimoku cloud, indicating a potentially bullish long-term trend.
Shiba Inu SHIB$0.0₄1389 has suffered significant losses in the past 24 hours, consistent with the broader market's decline. The joke token, however, narrowly outperformed its top rival dogecoin.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
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https://www.coindesk.com/markets/2025/07/23/shiba-inu-tanks-7-with-broader-market-but-outperforms-doge
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