SHIB Price Signals 16% Decline as $7.24 Billion In Tokens Wade Underwater

Shib price almost reached yearly lows during the most recent market crash. However, Bitcoin’s recovery saw the entire market swing upwards. Despite the green markets, the latest analysis reveals there may be an extended downturn for Shib and other crypto assets in the coming days. Shiba Inu broke down from a falling wedge, a rare occurrence that signals extreme bearish pressure. Despite the slim recovery, Shiba Inu price action reveals signs of weakness and a potential 16% drop from the current price.

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