Is SHIB’s bearish run over? Watch for a potential reversal near $0.0000114!
Shiba Inu’s price structure was bearish, with the local lows emerging as attractive short-term price targets
A divergence or reversal signal on the lower timeframes, combined with greater demand, might be necessary for a trend reversal
Since March, Shiba Inu [SHIB] has traded within a range that reached from $0.0000115 to $0.0000142. After recording a successful breakout in the first half of May, the memecoin fell below the $0.0000152 support. In doing so, it formed a descending triangle pattern.
An analysis from AMBCrypto pointed out that this pattern would likely be accompanied by a downward price move. This has come to pass, and the lows of the range have been tested. Where is SHIB likely to go next?
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