📉🚨 Shiba Inu’s Price on Shaky Ground as Whales Sell Off

📉 Bearish Signals for Shiba Inu (SHIB)
Amid uncertain market sentiment, Shiba Inu (SHIB) is showing bearish signals, with recent price action patterns suggesting a decline. SHIB’s price has dropped by 3.57%, falling below the 200-day moving average on the daily chart. On the hourly chart, SHIB has failed to break the 50-day moving average after 19 attempts, intensifying bearish outlooks.

🐋 Whale Sell-Off Intensifies Pressure
Large SHIB holders, or "whales," have sold around 810 billion tokens in the past 48 hours, signaling caution. This sell-off near resistance levels suggests whales are wary of further losses, heightening concerns over SHIB’s price trajectory in this volatile market.

🔻 Support and Resistance Levels
SHIB is trading at $0.00001856, with support at $0.00001815, $0.00001801, and a deeper level at $0.00001677. Holding above these is crucial for preventing further declines. Resistance sits at $0.00001953, with a target at $0.00002100. A drop below $0.00001796 could lead to further declines toward $0.00001714 and $0.00001565, suggesting a deeper correction if SHIB fails to hold its support zones.