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SHIB Price Signals 16% Decline as $7.24 Billion In Tokens Wade Underwater Coingape 08 Aug 2024

SHIB Price Signals 16% Decline as $7.24 Billion In Tokens Wade Underwater 📉

Shiba Inu (SHIB) almost reached its yearly lows during the latest market downturn, but it recovered alongside Bitcoin as the market turned green. However, a fresh analysis has suggested that SHIB and other cryptocurrencies might face a prolonged downturn soon. The breakdown of SHIB from a falling wedge pattern indicates a potential 16% decline in the coming days. Despite the recent market recovery driven by Bitcoin's resurgence, SHIB's technical indicators suggest there could be more red days ahead. Investors should exercise caution as SHIB's price signals point toward further bearish movements.

Quelle: coingape.com ↗

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