leading meme coin Shiba Inu, has taken a sharp turn with the momentum it has lost recently. In addition to this loss of momentum, SHIB also formed a pattern some time ago known as the “death candle.”
A death candle usually refers to a large, sudden red candlestick that signifies a strong transition from a bullish to a bearish trend.
This unexpected move reflects a broader shift in sentiment among Shiba Inu owners, especially whales, who are big players with significant amounts of tokens. These powerful holders began selling SHIB assets rapidly, in line with typical market behavior before corrections.
The appearance of this death candle indicates a worrying future for the Shiba Inu. Because it probably means the end of the rally that those interested in the meme coin have sustained so far this year. The sharp decline not only shakes weak investors but also undermines confidence in SHIB’s near-future trajectory.
SHIB is currently trading around $0.00001045, up 7% in the last 24 hours. If Shiba Inu loses the key $0.000010 support area, SHIB looks vulnerable to adding another zero to its price.