Shiba Inu Price Analysis: 100-Day Support in Jeopardy Amid Whale Sell-off

Shiba Inu Price Analysis: The final week of June initiated on a bearish note, as Bitcoin fell below $62k with an intraday loss of 3.3%. The bearish momentum quickly spread to the altcoin market and especially to the meme sector due to its volatile nature. SHIB, the second largest meme cryptocurrency by market cap, records a 4.68% drop today and hints at a breakdown from multi-month support. Is the correction trend to be extended?