Shiba Inu Slides In Tandem With Dogecoin Following 1-Day Crypto Rally: The Bull, Bear Case
Portfolio Pulse from Melanie Schaffer
Shiba Inu (SHIB) slid 3.5% lower during Wednesday's trading session, in tandem with Dogecoin (DOGE) and the broader crypto sector. The crypto could be settling into a bear flag pattern on the daily chart, with a potential 10% drop towards the $0.0000740 mark.
June 07, 2023 | 6:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Dogecoin slides in tandem with Shiba Inu, potentially indicating a bearish trend in the broader crypto sector.
The article mentions that Dogecoin is sliding in tandem with Shiba Inu, which could indicate a bearish trend in the broader crypto sector. This may have a negative short-term impact on Dogecoin's price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Shiba Inu slides 3.5% lower, potentially forming a bear flag pattern on the daily chart, with a possible 10% drop towards the $0.0000740 mark.
The article states that Shiba Inu is sliding 3.5% lower and could be forming a bear flag pattern on the daily chart. If this pattern is recognized, the crypto could drop around 10% towards the $0.0000740 mark, which would have a negative short-term impact on its price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 100