Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Shiba Inu Price Drop With Emerging Bullish Pattern

Shiba Inu Price Drop With Emerging Bullish Pattern

Coinlineup2025/06/23 06:48
By:Coinlineup
Key Points:

  • Main event involves Shiba Inu’s sharp price decline.
  • The price is forming a double-bottom pattern.
  • The market is showing mixed reactions and potential reversal.
Shiba Inu Price Drop With Emerging Bullish Pattern

Shiba Inu’s price recently dropped sharply, while a potential bullish double-bottom pattern surfaced. This event is gaining attention from analyst communities rather than the project’s official channels.

Market observers are speculating on a possible reversal in Shiba Inu’s price after noticing a double-bottom pattern . The recent price crash has drawn attention amid no direct comments from its leadership.

Analysts note Shiba Inu’s price plunged sharply recently, although it shows signs of recovery. A double-bottom pattern is taking shape, indicating a potential bounce. Despite this, Shiba Inu’s leadership has remained silent on the price issues, focusing instead on ecosystem advancements.

“There are no official statements from Shiba Inu’s lead developers or recognized KOLs directly addressing the price crash or double-bottom formation,” said Shiba Inu’s lead developer, Shytoshi Kusama.

Shiba Inu’s lead developer Shytoshi Kusama continues directing ecosystem developments, maintaining a strategic focus on technology rather than price.

The price drop of Shiba Inu, alongside this newfound pattern, raises concerns among community members. It highlights potential resale points for investors if confirmed. Investors, traders, and enthusiasts are keenly observing with hope for a favorable market turn.

Shiba Inu’s recent crash primarily affects the SHIB token, with its burn rate soaring by 112,000%. This activity, coupled with a sharp decline in open interest in SHIB futures, points to decreased speculation and hints at potential stabilization.

Potential outcomes could involve a rebound due to technical market corrections. Despite near-term price drops, experts suggest historical precedents indicate potential recovery. These events show how market attention and community engagement might influence cryptocurrency trends.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40