Shiba Inu (SHIB) is under bearish pressure today, May 17, after dropping by 6% to trade at $0.0000141 at press time. Amidst the decline, three bullish signals have emerged suggesting that the price of Shiba Inu Coin may be headed for a bullish reversal to $0.000045. Shiba Inu Price Drops 6% Amid Meme Coin Pullback Shiba Inu Coin price has dropped by 6% in 24 hours to trade at its lowest level in one week. The dip follows a massive spike in long liquidations, as Coinglass reveals more than $2M in long SHIB liquidations in the last two days. However, the decline is not unique to Shiba Inu as the entire meme coin market has retraced. Data from CoinGecko shows that the meme coin market cap has fallen by around 2% in 24 hours, with all top meme coins recording a steep selloff. SHIB 4-Hour Chart Despite the bearish headwinds... Read More at Coingape.com
The post Shiba Inu Coin Price Dips 6% but Whale Moves & Bullish Pattern Hint at $0.000045 Breakout appeared first on CoinGape.
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