SHIB is dropping pretty hard today—down more than 9% in a day. But when you look back over this week, it’s up 25%; and over the month, it’s also up 21%. The earlier rally had been far more aggressive than today’s sell-off.

Its current price is around 0.0000051 u. During the 24-hour high, it even touched 0.0000056 u, but it has already fallen a chunk from there. This kind of move—nearly a 30% surge over a week, followed by a big single-day retracement—is basically the classic “spike up into resistance and stall.” People who chased it earlier are starting to head for the exits.

The circulating supply is basically the entire total supply, so there’s no “unlocking and dumping” issue. This drop is purely about sentiment and profit-taking capital; it has nothing to do with supply.

At this level, if today’s sell-off can be stopped and it doesn’t keep getting hammered lower, then most of this week’s upside can still be preserved—basically a normal shakeout at high levels. If it keeps falling tomorrow, it means this upswing may be approaching a top, and we’ll need to reassess. If you already have positions, don’t panic and cut here—see whether it can stabilize first. For those who chased higher over the past couple of days, it’s best to watch from the sidelines first. #shib $SHIB