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Shiba Inu: Another 100% surge is possible only if…
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Shiba Inu was left troubled after a symmetrical triangle breakdown halted its progress towards its previous target of $0.000012568. Although the last couple of days have resulted in a 50% surge, some of its indicators are yet to assume bullish positions and nullify market uncertainties.
With the ADX picturing a weak directional trend as bulls attempt to flip a key resistance zone, SHIB could remain restricted below the 200% Fibonacci Extension before its indicators start to flash favourable readings.
At the time of writing, SHIB was trading at $0.00005785, up by 2.5% over the last 24 hours.
Source: SHIB/USD,
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