Despite its recent falling wedge breakout, Shiba Inu (SHIB) buyers failed to flip the bearish narrative owing to the coin’s very high correlation with Bitcoin. Since rebounding from the 61.8% Fibonacci level, the month-long trendline resistance (yellow, dashed) has curbed the potential of buying rallies. While the current setup exhibited a bearish edge, a close […]Despite its recent falling wedge breakout, Shiba Inu (SHIB) buyers failed to flip the bearish narrative owing to the coin’s very high correlation with Bitcoin. Since rebounding from the 61.8% Fibonacci level, the month-long trendline resistance (yellow, dashed) has curbed the potential of buying rallies. While the current setup exhibited a bearish edge, a close […]
