Shiba Inu ($SHIB ) has experienced a noticeable price drop in the last 24 hours, losing 3.92% of its value. This decline reflects increasing selling pressure, transitioning the token into a short-term bearish phase. Heightened trading activity and market dynamics indicate significant changes in investor sentiment.
With SHIB forming lower highs and lower lows, traders are monitoring critical support and resistance levels to anticipate the next price movement. Additionally, technical indicators offer insights into potential short-term consolidations and trends.
