Shiba Inu Sees Heavy Selling at 3-Week Price Peak
SHIB / TetherUS BINANCE:SHIBUSDT
Shiba Inu is up 6.69% in the past week, with the token trading at $0.00001291. The meme coin is attempting to establish $0.00001285 as a support level, holding near its recent peak.
However, maintaining this momentum appears difficult without strong investor conviction. If selling continues, SHIB could drop toward $0.00001252 or even lower to $0.00001182, erasing recent gains.
On the flip side, if Shiba Inu price successfully defends the $0.00001285 support, a rebound may follow. In that case, SHIB could push toward $0.00001391, which would invalidate the bearish outlook and signal renewed strength.
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