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Coin Edition 2025-06-06 20:15:00

Shiba Inu Price Signals 28% Crash After Bearish Pattern Breaks

Shiba Inu breaks key support as bearish trend raises threat of a 28% price decline MACD and RSI indicators suggest weak momentum but hint at potential short-term recovery SHIB’s daily burn rate drops 63%, threatening deflation progress and long-term supply goals Shiba Inu (SHIB) is once again in the spotlight, but not for the reasons many investors might hope. After forming a bearish technical pattern on the daily chart, SHIB has broken below a critical support level, triggering concerns about a potential 28% decline. Despite a noticeable surge in trading activity, the token is showing signs of weakening momentum, raising red flags for short-term holders. The recent price drop comes at a time when overall market sentiment remains uncertain, adding pressure to already shaky technicals. SHIB as of press time is priced at $0.00001257 , showing a 2.90% dip in the last 24 hours. The trading volume, however, soared by over 88%, suggesting heightened interest despite the decline. This spike in volume could mean a tug-of-war between bulls trying to buy the dip and bears reinforcing the downward pressure. Notably, the token formed a local bottom and started recov… The post Shiba Inu Price Signals 28% Crash After Bearish Pattern Breaks appeared first on Coin Edition .

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