# Shiba Inu Price Forecast: Whales Anticipate Double-Bottom Pattern with Giant 1.3 Trillion SHIB Purchase
## Introduction
Shiba Inu (SHIB) has experienced a significant 20% decrease in value within the last month amid dwindling trader interest in meme coins. As of the latest update, Shiba Inu is priced at $0.0000116, with a 24-hour trading volume decrease of 16% to $128 million on June 19. Despite this downward trend, SHIB has formed a promising double-bottom pattern that has caught the attention of large investors.
## Shiba Inu Price Analysis
The current trading price of Shiba Inu stands at $0.0000116, portraying a notable decline of 20% over the past month. This drop coincided with a reduction in trader enthusiasm for meme coins, contributing to the decreased 24-hour trading volume of $128 million on June 19.
## Formation of Double-Bottom Pattern
Amid the recent market downturn, Shiba Inu has displayed the formation of a double-bottom pattern, indicating a potential trend reversal. This pattern has garnered substantial interest from whales, who are prominent investors trading sizable amounts of cryptocurrency.
## Whales’ Anticipation and Investment
Noteworthy is the anticipation of whales in front-running the double-bottom pattern of Shiba Inu with a massive purchase of 1.3 trillion SHIB. This strategic move suggests confidence in SHIB’s future price action and market potential.
## Conclusion
While Shiba Inu has faced a challenging period of declining value and trader interest, the emergence of a double-bottom pattern has sparked optimism among whales. With a substantial investment of 1.3 trillion SHIB, these large investors signal a bullish outlook for SHIB’s price trajectory. As the cryptocurrency market continues to evolve, the strategic moves of whales may play a pivotal role in shaping Shiba Inu’s future performance.
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This article provides insights into the current price outlook of Shiba Inu, emphasizing the whales’ anticipation of a double-bottom pattern and their significant 1.3 trillion SHIB purchase. Stay informed about the latest developments in the crypto space by following CoinGape.