🚫🚫Shiba Inu token in danger?? 💀🚫🚫

Shiba Inu price is nearing a crucial bearish reversal, and a confirmation of the same would mean that the meme coin should note a significant decline over the coming days. If this drawdown is completed successfully and SHIB reaches the target price, a new all-time low will be formed.

#PriceExplode has been trending downward since the end of December, extending the decline to $0.00000875.

The rounding top pattern formed by SHIB indicates a #BearishZone outlook, implying a 31% correction is likely.

Heavy bearishness on the price indicators, as well as a lack of supporting cues from the broader market, suggest further drawdown is possible.

Shiba Inu price under bearish threat

Shiba Inu price is currently forming a rounding top #Pattern after rallying throughout December and initiating a decline toward the end of it that extended over the past three weeks. The meme coin nearly ensured that the pattern would fail, but it failed to breach the $0.00000968 barrier marked as the stop loss.