📈 Analysis and Prediction (SHIB and STRAX):

⬇️ SHIB/USDT - The price of Shiba Inu has dropped below the critical horizontal support level at $0.0000080. This line has been in existence for a year, except for price fluctuations in June. After such a break, the price often retests the same area as resistance. However, in the case of SHIB, this did not happen; the coin simply resumed its decline. Since August 14th, the price of #shib has been decreasing within a descending parallel channel. Such patterns usually contain corrective movements, which means that a breakout is the most likely scenario. While moving within the channel, the price of Shiba Inu has reached both support and resistance levels. Currently, it is near the channel's resistance line. If there is a breakout, the token could rise by 30% to $0.0000095. On the other hand, a breakdown would lead to a 13% decrease in price to the level of $0.0000063.

🔥 STRAX/USDT - The price of #strax has been increasing since reaching a low of $0.38 in September. Yesterday, the asset recorded a new yearly high at $1.22. The upward movement led to a breakout and a close above the horizontal resistance area at $0.85. During the rise, the daily trading volume reached a 7-month high, currently standing at $577 million, almost four times the market capitalization of Stratis. If the upward movement continues, STRAX could grow by 27% and reach the next nearest resistance level at $1.40. However, a sudden loss of momentum and the formation of a bearish candle would result in a 25% decrease to the horizontal support area at $0.85.

What do you think about these price movements? 📈📉 Please share your opinion!