370B SHIB Move Triggers Bearish Sentiment
Shiba Inu has long been working its way to reach the top of the market radar, but the market expectations are not letting the token have a smooth ascent ahead. SHIB is currently at its lowest, exploring a new low of $0.000005. In the middle of this, a new storm of tokens has hit exchanges in the middle of this, making it harder for the Shiba Inu price to maintain its equilibrium. Is Shib about to go down a notch?
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Rising Selling Pressure Is Gnawing At SHIB
Shiba Inu has met with another bearish sentiment. A new development has been noted where a large whale has transferred nearly 370B tokens on Binance and Bitget, sparking sell-off fears. It is yet to be confirmed whether these tokens were for sale or storage, but the movement alone has sparked a bearish hue to encapsulate the SHIB domain.
The price of Shiba Inu has lately been an intense topic of speculation. SHIB has undergone various price transformations since last year and has shed nearly 56%. However, as Bitcoin gains some of its strength back, SHIB is now up by 3% at press time, showing signs of resilience as it battles tumultuous market movements.
“Just 2 days after the crowd was bracing itself with a $60K retest, Bitcoin is now on the verge of returning back above $70K. The bullish narrative has predictably returned. In this chart: 🟦 High blue spikes indicate major predictions of $BTC moving lower. When retail sells, this is a good buy signal & prices typically bounce. 🟥 High red spikes indicate major predictions of $BTC moving higher. When retail buys, this is a good profit-taking signal & prices typically plateau.”
When Will SHIB Hit Its Highest Per Technical Timelines?
According to CoinCodex SHIB stats, Shiba Inu may rise to sit at $0.000008 by the end of this year.
“Shiba Inu is forecasted to hit $ 0.0₅7532 by the end of 2026 (+22.05% compared to current rates), $ 0.0₅4023 by 2030 (-34.82%), $ 0.0₅1289 by 2040 (-79.11%), and $ 0.0₅5656 by 2050 (-8.35%). All values represent end-of-year price estimates according to our models. Last update: Feb 26, 2026 – 07:44 AM (GMT+5).”
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