In May, Shiba Inu (SHIB) rode high, hitting $0.00001755. But the rally didn’t last. Over just a few days, the coin tumbled nearly 30%, dropping to $0.00001238—its lowest since April.
The whole crypto market took a hit, with Bitcoin falling from $111,900 to $103,000. But SHIB had its own problems too. Big investors (whales) started selling, Shibarium’s performance disappointed with only $2.92M locked, and the once-exciting token burns slowed dramatically.
Technically, SHIB broke below key support patterns, signaling more trouble ahead. Analysts now warn it could fall further—to $0.00001033.
For now, SHIB holders are hoping the storm will pass. Show Less
