# Shiba Inu Price Signals a 28% Decline Post Bearish Pattern Breakout
## Introduction:
Shiba Inu (SHIB) has experienced a significant drop in price recently as a result of substantial crypto market liquidations totaling close to $1 billion on June 6th. This has placed meme coin prices at a monthly low, with the Shiba Inu price now facing heightened bearish pressure following a breakout from a bearish head and shoulders pattern, further intensified by increased whale selling activity.
## Bearish Market Sentiments Post Breakout:
The emergence of a bearish head and shoulders pattern in the Shiba Inu price chart has raised concerns among investors and traders. The subsequent breakout from this pattern suggests a potential 28% decline in the price of SHIB. The increased whale selling activity has added to the downward pressure on the meme coin.
## Impacts of Market Liquidations:
The significant liquidations observed in the crypto market, amounting to nearly $1 billion, have contributed to the bearish sentiments surrounding Shiba Inu and other meme coins. The resulting drop in prices has affected the overall market dynamics.
## Conclusion:
The recent price movements in Shiba Inu highlight the impact of market liquidations and bearish patterns on meme coin prices. The breakout from the bearish head and shoulders pattern signals a potential 28% decline in the Shiba Inu price. Investors and traders should monitor these developments closely to make informed decisions in the volatile crypto market landscape.
**Source:** [CoinGape](#)