#SHIBUSDT ( Shib*1000 ) - Price Could See Another 20% Decline – Here’s Why

Shiba Inu price has already lost two major support levels and is now moving further below.

Investors have already begun backing out, as evidenced by the plunge in the network growth.

Short-term investors added another 23 trillion SHIB to their holding, increasing the bearish impact on the price.

The Shiba Inu (SHIB) price downtrend is expected to extend beyond the current 30% as the meme coin is losing the backup it had gained over the past few weeks.

The likely outcome is another 20% plunge on the daily chart, but if SHIB bounces back from a crucial support level, it could recover.