Shiba Inu Climbs Higher, Outpaces Dogecoin: The Bull, Bear Case For The Crypto.
Portfolio Pulse from Melanie Schaffer
Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, outperforming Dogecoin (CRYPTO: DOGE), which struggled to trade flat. Shiba Inu was moving higher on lower-than-average volume, suggesting consolidation. The crypto was also forming an inside bar pattern, which usually indicates a period of consolidation followed by a continuation move in the direction of the current trend.
August 04, 2023 | 2:11 pm
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POSITIVE IMPACT
Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, showing strength compared to Dogecoin. The crypto was moving higher on lower-than-average volume, suggesting consolidation.
Shiba Inu's price increased by almost 2% during Thursday's trading session, outperforming Dogecoin. The crypto was moving higher on lower-than-average volume, which suggests consolidation. This could indicate a potential upward trend in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin (CRYPTO: DOGE) struggled to trade flat during Thursday's 24-hour trading session, underperforming compared to Shiba Inu.
Dogecoin's price struggled to trade flat during Thursday's trading session, underperforming compared to Shiba Inu. This could indicate a potential downward trend in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100