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The Shiba Inu crypto has been on a free fall for the last five intraday sessions.
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The daily chart witnesses the formation of an interesting channel pattern.
Shiba Inu crypto is struggling to find stable ground and has been in a declining trend. The bears are currently in control of the market, and the price has been on a downward trend for the 5th consecutive session, hovering below the 50-day EMA.
Moreover, Last week started off on a positive note, with the crypto experiencing a surge in its price, reaching a high of $0.000028. However, things quickly took a turn for the worse, and the latter half of the week saw a correction in the price, which is continuing this week.
The daily chart shows an interesting pattern. While the trend may be unclear, with the help of price action and technical indicators, we can get a better idea of what to expect in the upcoming sessions.
Shiba Inu Crypto Price Fall Coincides With Broader Market Correc
We współpracy z: https://www.thecoinrepublic.com/2024/04/29/shiba-inu-crypto-plummets-below-50-day-ema-bearish-days-ahead/
