Shiba Inu Slides—But Whale Activity and HODLing Pattern Say Recovery Is Near

Leading meme coin Shiba Inu has recorded a 13% drop in value over the past seven days, amid a broader environment of profit-taking and bearish market sentiment.   However, while many traders appear to be exiting their positions, some investors view the dip as a strategic buying opportunity that could help trigger the meme coin’s next leg up. But how? SHIB Whales and Retail Traders Bet on a Bounce Readings from the SHIB/USD one-day chart show that the meme coin has steadily declined since it broke below its ascending parallel pattern on July 28. This breakdown signals a loss of bullish strength and suggests that selling pressure has overwhelmed the market source: https://beincrypto.com/shib-price-slides-hodling-pattern-say-recovery-is-near/