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FXStreet Team
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A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet’s analysts evaluate where SHIBA could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
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Solana price shows a lack of strength after piercing an important resistance barrier, denoting an overwhelming increase in sellers. This development has pushed Solana SOL to trigger a full-blow reversal that has pushed it down to where it currently stands.
Dogecoin and Shiba Inu prices plummeted alongside Bitcoin, Ethereum and other cryptocurrencies in the top 30 ahead of the FOMC meeting. Analysts are optimistic, however, that Dogecoin will breakout from its multi-year trendline.
LUNA price shows that it is out to repeat the fractal that was spotted nearly two weeks ago. If such a development does occur, investors should be aware that more corrections are on the horizon.
Shiba Inu price has successfully invalidated its bullish pennant pattern, suggesting that the bears are in control. Investors can expect a further drop in SHIB if certain significant levels are breached.
Bitcoin price has noticed a large shift in sentiment from being overly bearish to optimistic. Although greed is still out of the equation, things could soon reach these levels, especially if the trend continues as it has over the last ten days.
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