SHIB Price Under Pressure: Will Shiba Inu’s Rally End?

Shiba Inu (SHIB) faces selling pressure, leading to concerns about its price trajectory. After an initial rally in October, the token has struggled to maintain momentum and is currently battling a decline. Factors contributing to this downward trend include rising exchange reserves, which signal more tokens are being transferred from wallets to exchanges for potential sale, and a descending triangle pattern on SHIB’s technical chart, pointing towards further price drops. While some investors remain hopeful, the current uncertainty makes it difficult to predict what lies ahead for Shiba Inu.