【After the fact: Why can $SHIB rise?】
Let's compare it with $DOGE :
From a large-scale perspective on the 3-day line, the pump and distribution methods of $SHIB and $DOGE are very similar;
From the daily perspective, the trends are very similar, with the time intervals and nodes for the decline, distribution, re-accumulation, panic selling, and the initial signs of strength being exactly the same, but clearly the demand for $DOGE is much stronger than that for $SHIB;
Looking at the SHIB/DOGE exchange rate, it has fallen too much. Historically, every time there is a sharp decline in the exchange rate, it will definitely be corrected, so it is believed that SHIB will have no problem reaching its previous high.