Shiba Inu Price May Continue to Fall: Technical Signals Indicate Bearish Trend

Shiba Inu (SHIB) is facing continued downward pressure, with several technical indicators suggesting that the recent downturn may intensify in the short term. The token has dropped by 8.5% within the past 24 hours, mirroring a broader decline across the cryptocurrency market. This latest drop pushes SHIB’s price even lower, adding another zero to its value and signaling potential for an extension of the bearish trend. While investors are looking for a short-term rebound, a closer look at technical indicators reveals a mixed outlook, with a clear bias toward continued weakness.