‘Much ow’ ahead? Dogecoin chart fractal puts Shiba Inu’s 390% QTD rally in danger By Cointelegraph

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(SHIB) has emerged as among the best investments heading into the fourth and last quarter of 2021, with its worth rising by over 390% within the first week of October. Nonetheless, the spin-off meme cryptocurrency now dangers wiping most of these beneficial properties within the coming classes.

Yuriy Bishko, a Ukraine-based market analyst, mentioned the potential bearish situation primarily based on Shiba Inu’s current worth traits, which seem eerily much like these recorded within the (DOGE) market earlier this 12 months.

DOGE/USDT versus SHIB/USDT day by day worth chart. Supply: Yuriy Bishko, TradingView.com
SHIB/USDT day by day worth chart. Supply: TradingView.com