Shiba Inu Drops 4%: What Is Going On?
Posted On May 23, 2025
Despite forming a golden cross, Shiba Inu (CRYPTO: SHIB) is down 4% over the past 24 hours.
Analysts say the pullback may be temporary, with strong technical signals and long-term bullish fundamentals building beneath the surface.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001479 | $8.7 billion | -2.8% | -1.8% |
| Dogecoin (CRYPTO: DOGE) | $0.2324 | $34.8 billion | -3.4% | +2% |
| Pepe (CRYPTO: PEPE) | $0.00001470 | $6.2 billion | +2% | +8.9% |
Trader Notes: Bitcoinsensus highlighted that SHIB has been consolidating within a right-angled descending broadening wedge, a structure that often precedes major upside moves.
The token is currently near the lower support of this pattern, which presents a potential high conviction buy zone for long-term spot positions.
If the wedge resolves upward, the high-timeframe target is $0.000115, representing a 720% potential gain.
InvestingHaven points to SHIB holding above key support at …
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