broader market recovery sentiment on the green side
Shiba Inu (SHIB)
Shiba Inu, the second biggest meme coin with 13th position globally, clearly showcases a declining wedge pattern and has recently surged by testing the crucial support trendline. The strong buying has been witnessed, as a liquidity grab candle has formed from the $0.00010 psychological level, coinciding with trendline support coming from the year's second quarter.
With the broader market recovery sentiment on the green side. Currently, the meme coin SHIB has traded at $0.00001412, which has experienced a slight surge of 0.43% after the recent surge.
According to the daily chart structure, breaking through the upper trendline of the wedge is the key to a sustained upward direction movement. A successful breakout could signal a significant price advancement, with bulls eyeing the level at $0.000022 or even at $0.000029 if the momentum continues.
Shiba Inu, the second biggest meme coin with 13th position globally, clearly showcases a declining wedge pattern and has recently surged by testing the crucial support trendline. The strong buying has been witnessed, as a liquidity grab candle has formed from the $0.00010 psychological level, coinciding with trendline support coming from the year's second quarter.
With the broader market recovery sentiment on the green side. Currently, the meme coin SHIB has traded at $0.00001412, which has experienced a slight surge of 0.43% after the recent surge.
According to the daily chart structure, breaking through the upper trendline of the wedge is the key to a sustained upward direction movement. A successful breakout could signal a significant price advancement, with bulls eyeing the level at $0.000022 or even at $0.000029 if the momentum continues.
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