3 Shiba Inu (SHIB) Indicators Paint Worrying Picture: Where Can Its Price Drop?
Photo: U.Today
Shiba Inu (SHIB) is showing signs of weakness again, as bearish technical indicators suggest the cryptocurrency could face another sharp decline. Despite several recovery attempts in recent months, SHIB is still stuck below major resistance levels, and selling pressure continues to dominate its price structure. One concerning development is the increase in trading volume that comes with SHIB's recent price declines. The latest daily candlesticks show stronger selling activity as the token approaches the $0.00000460–$0.00000480 support region. Rising volume during downward movements usually means stronger seller participation rather than temporary market weakness.
Source: U.Today
