Shiba Inu price eyes a major rebound as a rare chart
Shiba Inu’s price continued its recent retreat amid waning sentiment in the crypto market amid geopolitical risks.
Summary
- Shiba Inu price has formed a large falling wedge pattern, pointing to a strong rebound.
- The supply of SHIB tokens in exchanges has continued falling this year.
- A rebound may see it rebound to the key resistance level at $0.000010.
Shiba Inu Coin (SHIB) retreated to an intraday low of $0.0000087, down 3.68% for the day and down 25% from its highest point this year. It remains 78% below its 2025 high, with its market cap falling to $4.5 billion.
SHIB declined because of the ongoing crypto market crash that has affected Bitcoin and most…
