Shiba Inu Crashes 16% as Selling Intensifies: Can SHIB Bulls Stage a Recovery?

SHIB plunged 16% as aggressive spot and derivatives selling intensified across crypto markets. Technical indicators remain cautiously bullish despite weakening momentum and declining trading volume. SHIB bulls must defend $0.000005 and reclaim $0.0000060 to strengthen recovery prospects. Shiba Inu has faced a sharp reversal after a strong price rally. SHIB climbed toward $0.0000062 before sellers quickly seized control. The memecoin t…