Shiba Inu Falls Lower In Tandem With Dogecoin But Bulls Need Not Worry: A Technical Analysis
Portfolio Pulse from Melanie Schaffer
Shiba Inu (CRYPTO: SHIB) fell over 2% during Wednesday's trading session, in line with Dogecoin's 3% drop. The decrease in volume since June 30 suggests a period of consolidation for Shiba Inu. However, if Shiba Inu closes the session above $0.00000750, it could indicate a local low and a potential bounce on Thursday. Shiba Inu is currently trading in an uptrend.
July 05, 2023 | 3:49 pm
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Shiba Inu (CRYPTO: SHIB) fell over 2% during Wednesday's trading session. The decrease in volume since June 30 suggests a period of consolidation for Shiba Inu. However, if Shiba Inu closes the session above $0.00000750, it could indicate a local low and a potential bounce on Thursday.
The decrease in volume for Shiba Inu suggests a period of consolidation, which usually results in the asset trading sideways. However, if Shiba Inu closes the session above $0.00000750, it could indicate a local low and a potential bounce on Thursday. This could impact the short-term price of Shiba Inu.
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