Is Shiba Inu set for a new rally in the festive season?
Shiba Inu has halted the downtrend and begun to rally. A bearish triangle kept the price down in the past week, and now bulls are looking to break out.
Shiba Inu was the third most used crypto on the Ethereum network last week, and recently a whale bought $136 million worth of SHIB. It remains close to the original meme crypto Dogecoin. Could it overtake it again?
If the trend is broken, then 0,0000490 could be a feasible target for bulls. If downward price action occurs again, then the price of 0,00003200 will continue to be an important level for bulls to hold. Let’s see how the fun meme crypto performs during the festive season.
Shiba Inu was the third most used crypto on the Ethereum network last week, and recently a whale bought $136 million worth of SHIB. It remains close to the original meme crypto Dogecoin. Could it overtake it again?
If the trend is broken, then 0,0000490 could be a feasible target for bulls. If downward price action occurs again, then the price of 0,00003200 will continue to be an important level for bulls to hold. Let’s see how the fun meme crypto performs during the festive season.
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