The Shiba Inu price has moved south on its chart over the last 24 hours. In the same time frame, SHIB depreciated by 3%. In the past week, the meme coin also did not register gains, losing a few support lines after losing close to 6% of its market value. SHIB has now formed a pattern that indicates that the coin might witness a breakout to the upside in the coming 24 hours. The technical outlook still displays bearish signs on the daily chart. Sellers have remained in control of the price for most of this month. Buyers still have to come to the rescue for SHIB to follow through with an upside breakout. According to the technicals, the coin might fall on its chart over the immediate trading sessions and then move to the upside. The trading volume of SHIB declined, which supports the notion that buyers have remained low in the market. At the moment, SHIB is trading 90% below its all-time high, which the coin secured almost one year ago. Related Reading: Uniswap Tops Other Big Crypto ..
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