Shiba Inu Trader Predicts Further Decline Amid Bullish Sentiment

Shiba Inu's (SHIB) recent price surge has left many investors wondering what's next. After a 30% rally, the token's price dropped by 8.17%, currently trading at $0.00000496. While some see this as a correction or profit-taking, one trader, Professor Crypto, is cautioning that the SHIB price could go lower before any real recovery starts.

Professor Crypto's bearish forecast is based on his analysis of the token's chart and risk management strategy. He believes that the blue zone on the chart represents resistance, and as long as the SHIB price stays below this level, the downside scenario remains active.

Despite the bullish developments surrounding Shiba Inu, including increased burn rates, whale activity, and expanding DeFi utility, Professor Crypto is taking a contrarian view. He argues that excitement alone does not guarantee another leg higher, and resistance still needs to be cleared before bulls can fully regain control.