CandleFocus Shiba Inu Faces Potential 30% Capitulation: Here’s the Target
2025-02-10
Author: Content Editor
According to analysis by MadWhale, the bearish momentum for Shiba Inu, a doggy-themed meme coin, remains strong, and the token may see a potential 30% drop to a crucial monthly support level. Despite recent rebounds, the analyst suggests that Shiba Inu is still in a bearish phase and could see lower prices in the near future. However, the analyst also presents two scenarios, one in which the token temporarily appreciates before another round of capitulation, and another in which it resumes the uptrend from the current market position. Despite the current bearish phase, long-term outlooks for Shiba Inu remain bullish, with predictions of substantial upticks in price after the downside is completed. As of now, Shiba Inu is trading at $0.00001604, up 2% in the past 24 hours.
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