Shiba Inu Price Prediction: SHIB Dips 5% Amid Massive Whale Inflows As Experts Say Consider This Meme Coin Index That Might 100X
The Shiba Inu price dropped 5% in the last 24 hours to trade at $0.00002085 as of 02:53 a.m. EST on trading volume that rose 1% to $393 million. The pullback in the SHIB price comes as the canine-themed meme coin records one of the largest whale inflows of approroximately $957 million over the past 7 days, according to data from IntoTheBlock . Shiba Inu Price Showing Bearish Signs The SHIB price daily chart reveals a pronounced rounding top pattern, a bearish reversal formation, which has already played out with the price breaking below the neckline. This pattern signals there might be a continuation of the meme coin’s downtrend. The Shiba Inu price is currently trading around $0.00002085, a level below both the 50-day Simple Moving Average (SMA) at $0.00002499 and the 200-day SMA at $0.00001896, GeckoTerminal data shows. SHIB’s overall trend appears bearish, especially after the failure of the recent bullish momentum in November 2024, which has led to a s...