Shiba Inu Price Outlook – Whales Front-Run Double-Bottom Pattern With 1.3 Trillion SHIB Buy

Shiba Inu (SHIB) has declined by a staggering 20% over the last month, as trader interest in meme coins wanes. At press time, Shiba Inu price trades at $0.0000116, while 24-hour trading volumes on June 19 dropped by 16% to $128 million. However, the recent decline has seen SHIB form a double-bottom pattern that whales could be frontrunning after purchasing 1.3 trillion tokens.