On December 29th, the Shiba Inu coin price rebounded from the support trendline of a long-coming wedge pattern. The ongoing bullish sentiment in the crypto market assisted buyers in driving prices 7.6% higher within a week and reached the current price of $0.00000852. This bullish rally also breaks the overhead resistance trendline, offering a long-entry opportunity for interested traders.
Key points:
The wedge pattern breakout sets Shiba Inu price for a 22% rally.
A daily candle closing below the falling will undermine the bullish momentum.
The intraday trading volume of the Shiba Inu coin is $271 Million, indicating a 143% loss.
Source- Tradingview
Amid the last two months’ downfall in the Shiba Inu coin, the daily technical chart showed the formation of a falling wedge pattern. Under the influence of this pattern, the prices fell inside two converging trendlines and reached a low of $0.000007869 mark.
In theory, this pattern formation indicates a losing bearish momentum as price
We współpracy z: https://coingape.com/markets/technical-chart-hints-20-rise-for-shiba-inu-coin-in-coming-weeks-enter-now/
