The price of Shiba Inu could drop to $0.0000050 due to the emergence of a bearish flag pattern on the weekly chart.
SHIB will complete this pattern if it falls below the lower trendline of the flag, which is at $0.00001.
2 trillion SHIB tokens have flooded the exchanges in just one month as the exchange supply increases from 139 trillion to 141 trillion.
Shiba Inu (SHIB) is signaling caution after forming a bearish flag pattern. Meanwhile, 2 trillion SHIB tokens have flooded the trading platforms in a month, highlighting the increasing bearish pressure on the price of Shiba Inu.
SHIB is trading at $0.00001402 at the time of this report, with a daily trading volume of $180 million and a market capitalization of $8.44 billion. In 24 hours, SHIB has fluctuated between a daily low of $0.0000141 and a daily high of $0.0000146.
