Shiba Inu forms a falling wedge on the daily timeframe, looking to leverage this pattern for a 50% price spike to the $0.000034 region.
Crypto commentator and market analyst Dami DeFi recently called attention to Shiba Inu’s price movements, noting that the ongoing bearish consolidation could be setting up the stage for an imminent pivotal push. Notably, SHIB is looking to resume the late February upswing.
Shiba Inu Forms Falling Wedge ....
Recall that Shiba Inu recorded a 380% rise from Feb. 25 to March 5, culminating in the yearly high of $0.00004567. However, the broader market turbulence, coupled with a drop in momentum, led to SHIB relinquishing this high. As a result, a retracement followed that has seen Shiba Inu drop nearly 50% from the March 5 peak.
