Shiba Inu Price Risks 20% Drop as 2023 SHIB Bearish Pattern Resurfaces
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Shiba Inu (SHIB) price action mirrors a bearish setup from April–June 2023 with a 91.2% pattern similarity, implying a potential 20% downside risk before any meaningful recovery. This technical signal increases short-term sell-side risk for the crypto token and could dampen market sentiment, trading activity and adoption momentum.
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Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. According to analysts, Shiba Inu's recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.
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-5.04%Predictions Markets
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