Potential Decline
The price of SHIB has been in a trading range since January 13th and recently formed an ascending channel.
If bearish patterns emerge, a decline is expected, likely reaching the 0.5 Fibonacci retracement level. A further drop below this level could lead the price down to the trading range's lower boundary.
This analysis is for informational purposes only and should not be considered as financial advice.
If bearish patterns emerge, a decline is expected, likely reaching the 0.5 Fibonacci retracement level. A further drop below this level could lead the price down to the trading range's lower boundary.
This analysis is for informational purposes only and should not be considered as financial advice.
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