Shiba Inu Coin Price: Here’s What To Do As SHIB Bottoms !!

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The meme coin hype is in jeopardy as major coins like SHIB, DOGE, and PEPE suffer setbacks in the first week of June. Shiba Inu Coin Price must defend $0.00015 support to prevent further losses toward $0.0001. Shiba Inu Coin Price Prediction: Meme coins like Shiba Inu, Dogecoin, and Pepe are falling drastically amid the bloodbath in the crypto market this week. Although bears dominated trading in June, Bitcoin toppling $60,000 support intensified pressure on the sell side.

A sharp 10% correction pushed SHIB to exchange at $0.00015 on Thursday. Based on the weakening technical structure, traders may be anticipating the downtrend to continue on Friday and possibly into the weekend.

Major meme coins like Dogecoin were not spared either, especially now that bulls are fighting for dear life above $0.1 support. Pepe Coin

is also down by a noticeable 8% to $0.0000093.

Shiba Inu Coin Price Prediction: What’s Next As SHIB Breaks Triangle Pattern

A descending triangle pattern formed after Shiba Inu rejected the Q1 top at $0.00035 has been gradually building towards this week’s breakdown.

Many attempts to weaken the descending trendline or hypotenuse resistance bore no fruits due to various pertinent factors from the bearish sentiment, profit-taking, and increased appetite for short positions among traders in the last few weeks.

A couple of death cross patterns accentuated the bearish grip on the meme coin resulting in the breakdown at the triangle support. This encouraged traders to short SHIB