📈 Analysis and Prediction (SHIB and PENDLE):

😵 #SHIB/USDT - The technical analysis of the daily timeframe indicates that SHIB is declining following an unsuccessful attempt to break through the ascending parallel channel. After an initial bounce above the support area of $0.0000093, the asset price fell down, confirming it as resistance. Forecast: The analysis of the short-term six-hour timeframe provides discouraging signals. On the chart, #SHIB is seen trading inside a descending triangle, considered a bearish pattern. The six-hour RSI suggests a breakthrough, as it was rejected by the resistance line at the 50 level. If Shiba Inu falls below the lower boundary of the triangle, the asset price could drop by 16% to the channel support line at $0.0000076.

😀 #PENDLE/USDT - The price of #PENDLE has been rising along the parabolic ascending support line since August 2023. According to wave analysis, the altcoin is in its fifth and final wave of the ascending movement. Since the length of the fifth wave exceeds the length of the first and third waves by 0.618 times, it is likely to be equal to the total length of the two previous waves.

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