Shiba Inu Price Prediction: $SHIB might drop 10% for a liquidity sweep before next leg up

Shiba Inu price dropped over 20% after filling a triangle amid a broader meme coin dump.

$SHIB could extend the fall 10% for a liquidity sweep below the $0.000025 threshold.

A candlestick close above 61.8% Fibonacci retracement would invalidate the bearish thesis.

Shiba Inu (SHIB) is cutting down on the Sunday gains as part of an ongoing meme coin crash. It comes as Bitcoin (BTC) price continues to drop with meme coins known to take their cues from the pioneer cryptocurrency during bull markets.

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