The leading meme coin Shiba Inu has seen a 10% drop in its value over the past week, coinciding with a decrease in whale holdings. Large investors are losing confidence in the broader market, leading to an increase in supply and putting downward pressure on the price of SHIB. The decline in whale netflow could also lead retail traders to sell their coins, further contributing to the price dip. The falling Relative Strength Index supports a bearish outlook, indicating weakening buying pressure. SHIB has been below a descending trend line since December, suggesting sustained selling pressure. If the decline continues, SHIB could reach a seven-month low, but if buying pressure increases, its value could rise to $0.0000166.



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