#ShibaInu Bearish Continuation Targets 12% Drop to $0.00000523, Crypto Patel Highlights.
Shiba Inu shows continued sign of weakness on the 4-hour timeframe, setting up a bearish continuation pattern.
The asset recently faced rejection at a higher-timeframe resistance zone near $0.0000060.
Following this rejection, the structure has started to shift, with attempts to push higher forming lower highs.
If the current structure holds, Shiba Inu could target the next liquidity levels below its current price.
The next areas of interest lie around $0.00000562 and $0.00000523, while a 4-hour close at $0.00000630 invalidates this move.
Exchange netflow and reserve growth are also mounting fresh pressure on Shiba Inu’s price trajectory.
