Analytics

Shiba Inu Price Analysis: Will Bitcoin’s Post-Halving Rally Push SHIB to $0.00004

20.04.2024

Shiba Inu Price: Shiba Inu, the second-largest meme cryptocurrency, projected a sluggish price action this week, following the lead of Bitcoin’s pre-halving consolidation. As shown in the below chart, the daily chart projected alternate green and red in short bodies reflects no clear dominance among bulls or bears. However, an analysis of the daily chart shows the formation of a bullish reversal pattern, indicating the asset is poised for a higher rally.

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20.04.2024
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