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Shiba Inu, Solana, Chainlink Price Analysis: 17 November
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The global crypto market wavered into its inherent state of volatility. After a vast sell-off, the market saw a noteworthy plunge over the last two days.
Consequently, altcoins like Shiba Inu, Solana, and Chainlink were in the red zone. The near-term technicals undeniably preferred the sellers but hinted at possible ease in their force.
Shiba Inu (SHIB)
Source: TradingView, SHIB/USD
The dog-themed meme token surged by over 200% from 23 October to reach its ATH on 28 October. After which, the price steadily retreated in a descending triangle in the withdrawal phase.
Accordingly, SHIB registered a nearly 39% downfall over the next 16 days until 13 November. Since then, the price action saw an 18.2% blip until the price hit its two-week low on 16
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