Shiba Inu (SHIB) may see a price correction over the weekend due to a combination of market trends and significant selling by SHIB whales. Despite several attempts at a rally in recent months, the meme coin's price remains in a downtrend, closely following Bitcoin’s bearish cues. Increased selling pressure from major holders, who have offloaded a substantial amount of SHIB, exacerbates the situation. This weekend, SHIB is poised for potential declines if it fails to maintain key support levels, reflecting the broader market's lack of recovery and the high correlation with Bitcoin’s movements. Investors and traders are advised to monitor these developments closely as they could dictate the short-term market dynamics for SHIB.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
