Shiba Inu Faces Potential 28% Drop as Bearish Trend Breaks

Shiba Inu (SHIB) is currently facing significant price pressure after a bearish technical pattern broke its support level, raising concerns of a potential 28% decline. Despite recent trading activity, the token’s weakened momentum suggests a short-term correction is likely. The drop coincides with a declining burn rate that threatens to hinder deflationary progress and long-term supply goals.