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Shiba Inu Price Prediction: SHIB Risks Further Downside as Bearish Momentum Builds
['Emmaculate Araka', 'Crypto News Author', 'Fact Checked', 'View Full Profile', 'More This Author']
Crypto2Community
Highlights:The Shiba Inu price has decreased by 3% to trade at $0.0000075 today.
The technical outlook is bearish, as the SHIB price risks further downside to $0.0000073-$0.0000069.
Shiba Inu (SHIB) price is facing renewed selling pressure, tumbling 3% to trade at $0.0000075 today.
The bearish mood is also reinforced as holders sell SHIB further, and the Open Interest (OI) in the derivatives market decreases.
However, if sellers keep dominating, the SHIB price could drop quickly to $0.0000073 or even $0.0000069, where the next major buying zones sit.