SHIB Price Prediction: Shiba Inu Price Poised for 17% Fall as Market FUD Rises; But There’s a Twist
SHIB Price Prediction: The Shiba Inu price has been in a sideways trend for nearly a year, resonating between two converging trendlines. The weekly chart showcases this consolidation as a symmetrical triangle pattern usually known as a trend continuation pattern. However, there are criteria where this pattern can act as a reversal setup and thus assist the SHIB price resuming kickstart a new recovery rally. advertisement Key Points: A symmetrical triangle pattern governs the sideways trend in the Shiba Inu coin A significant breakout from either trendline will release the trapped momentum within the chart pattern The intraday trading volume of the Shiba Inu coin is $101.4 Million, showing a 41% loss. sSource- Tradingview Under the influence of a symmetrical triangle pattern, the asset price wobbles within converging trendlines reflect uncertain sentiment among market participants. The Shiba Inu price has rebounded twice from th...