Shiba Inu price is stuck in consolidation after weeks of continuous declining trading volume. SHIB could see a decline of over 50%, marking a lower low if it fails to break a critical resistance level. A significant reduction in social volume for the meme adds credence to the bearish outlook. Shiba Inu price has slipped into consolidation after its hype subsided in mid-May. Now, SHIB has been stuck in a range of lower highs and slightly higher lows as indecision mounts.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC to become legal tender while crypto markets contemplate downswing
Bitcoin price could head lower since it is approaching a confluence of resistance levels. Ethereum price is also considering a downside move as it climbs toward the swing high at $2,910. Ripple price seems to have begun its downtrend after tapping the supply zone’s lower limit at $0.986. Bitcoin price rally that started on May 30 hit a dead end by June 3, which led to a steady downswing. Investors can expect a leg lower as its most recent attempt to head higher will face a stiff resistance barrier.
SafeMoon price evolution since May 25 has tested the patience of bullish speculators. The rookie token has not commanded sustainable buying pressure; instead, it is locked in a relentless descending channel, offering brief, swing trade opportunities. Until SAFEMOON can release from the channel, there is a return of trust in the broader cryptocurrency complex and a reignition of FOMO in new cryptocurrencies; it will carry a bearish tilt.