Shiba Inu bulls are finally pushing their presence on market
has been a true roller coaster of emotions for holders recently. The meme coin has recently fallen below a critical symmetrical triangle pattern, a technical indicator that often signals a significant price move. As of Sept. 1, 2023, SHIB is trading at approximately $0.00000798, a level that could trigger an accelerated fall in the foreseeable future.
The symmetrical triangle pattern is often considered a continuation pattern, meaning it usually confirms the direction the asset was already trending in. For Shiba Inu, the break below the triangle could be a bearish sign, especially when combined with the market's critically low trading volumes.However, it is not all doom and gloom for Shiba Inu. The successful relaunch of Shibarium, Shiba Inu's Layer 2 scaling solution, offers a glimmer of hope.
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