Shiba Inu Lies Low With Dogecoin On Decreasing Volume: Here's What Bulls Want To See
Portfolio Pulse from Melanie Schaffer
Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) experienced a slight fall during Wednesday's trading session due to fears about inflation, high interest rates, and the state of the economy. Shiba Inu's volatility was lower due to less than average trading volume, indicating a lack of interest. The crypto is also reacting to a bearish break from a rising channel pattern. An inverted hammer candlestick pattern suggests a potential reversal to the upside.
September 27, 2023 | 7:13 pm
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NEGATIVE IMPACT
Dogecoin experienced a slight fall during Wednesday's trading session due to fears about inflation, high interest rates, and the state of the economy.
The news about Dogecoin's slight fall due to economic fears is directly related to its price. This could impact its price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Shiba Inu experienced a slight fall and lower volatility due to economic fears and a lack of interest. An inverted hammer candlestick pattern suggests a potential reversal to the upside.
The news about Shiba Inu's slight fall and lower volatility due to economic fears and a lack of interest is directly related to its price. The inverted hammer candlestick pattern suggests a potential reversal to the upside, which could impact its price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100