🚨Shiba in the Doghouse: Can $SHIB Stop Chasing Its Own Tail? 🐕

Shiba Inu (SHIB) is under serious pressure. After dropping 6.5% on June 13th, the memecoin has now accumulated a painful 21% loss over the past 30 days. Momentum indicators aren’t providing much comfort—while the RSI has slipped into neutral territory, the BBTrend is barely clinging to mildly positive levels, far from signaling any strong reversal.

Traders are keeping a wary eye on a potential #DeathCross forming between key EMAs, a technical warning sign that could confirm more downside ahead. If SHIB breaks below the critical $0.0000118–$0.0000120 support range, another leg down seems likely. Unless bulls stage an aggressive comeback soon, Shiba Inu may keep chasing its own tail—straight into deeper losses.