🚨 Shiba Inu (SHIB) Price Prediction Alert! 🚨

SHIB has seen a dramatic reversal of its 2024 gains, with a significant drop of over 71.69% from its peak of $0.00004567. 📉

🔍 Current Trend: SHIB was trading within a bullish symmetrical pattern, but the outlook is now more bearish. Despite a recent bounce off the support level at $0.00001266, the buying pressure isn't strong enough to break the upper resistance line. 🚫

📊 Possible Targets: If SHIB fails to breach the resistance, we might see prices drop to:

$0.00001078 🟥

$0.00000822 🔴

(erasing gains from February-March)$0.00000655 ❗

📉 Key Indicators:

Open Interest: Fell from $26.41M to $24.99M – signaling potential reversal.

📉Exchange Netflows: Positive flows suggest investors are moving SHIB to exchanges, hinting at selling pressure.

🔄Active Addresses: Increased activity correlates with more selling. 📉

📈 Bearish Signals:

Aroon Indicator: The Aroon Down line is above the Aroon Up line, indicating bearish momentum.

📉Money Flow Index (MFI): Currently at 39.3

3, trending south, indicating moderate selling pressure. ⚠️

Overall, the sentiment is bearish and SHIB could face further declines. Keep an eye on these indicators and manage your investments accordingly! 💹🚀

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