Shiba Inu (SHIB) Bulls Struggle, Poised for 23% Drop
Shiba Inu (SHIB), a popular meme coin, has been trading within a horizontal range since August 8. Although it briefly broke above the upper limit of this range, it couldnât maintain the upward momentum and fell back below the resistance level on August 28.
Since then, SHIB moved toward the lower boundary of the channel, which had been providing support. However, the coin has now dropped below this crucial level, indicating growing selling pressure and the potential for further declines in SHIBâs value.
Shiba Inu Bulls Lose Their Market Hold
