Shiba Inu Price: Expected Drop of Over 20%, Driven by Cardano Shift

Recent price dips for Shiba Inu (SHIB) signal a potential reversal in the market, as investors are shifting to other cryptocurrencies with greater utility and adoption. Despite its remarkable 1,550% surge from token burns, SHIB’s price remains down by 18% from recent peaks, dropping over 27% below its yearly high. This trend has been fueled by a growing number of Cardano holders exploring alternatives like Remittix (RTX), hinting at significant market changes and portfolio reshuffles in the coming months. The charts paint a concerning picture for SHIB’s future: it has dipped below key moving averages, signaling waning momentum, while a head-and-shoulders pattern suggests a potential downward trend.