Shiba Inu Price Slumps as Whales Dial Down Trades, Bearish Indicators Point to Further Downside
-
Shiba Inu (SHIB) price momentum slowed this week after failing to break $0.000009 resistance.
-
On-chain data shows whales have dialed down SHIB trading activity since October 24.
-
SHIB sell orders currently surpass buy orders across exchanges, indicating weak demand.
-
Bearish indicators suggest potential for further SHIB price downswing towards $0.000005.
-
If bulls reclaim $0.00001 resistance, SHIB could rally towards $0.00001 range.