SHIB has formed

SHIB has formed a symmetrical triangle. What’s next?

Popular rival meme currency SHIB has formed a symmetrical triangle and still moving in it. Yesterday, SHIB got listed on the popular exchange, Robinhood.

SHIB is currently trading at a price of $0.00002646 per unit with a 24-h trading volume of $2.72 billion. Token has plunged more than 4% price over the last 24 hours with a 13% loss in daily trading volume. SHIB is holding 15th position in the market based on the market cap. The technical analysis indicates that SHIB has formed a symmetrical triangle.

SHIB has formed

SHIB has formed a symmetrical triangle:

1H price chart of the token shows that Shiba Inu has formed a symmetrical triangle. If it succeeds to break the triangle upward then we might see a bullish run. There are more chances that it will break downwards and 50-100 Moving Averages will be its support. The news of the token’s listing on the Robinhood exchange hasn’t changed much.

Technical Analysis: Why Bitcoin Price is dropping?

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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