Polkadot Price Upcoming Move As The Bears Emerge.
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Shiba Inu At 8th Rank Surpassing USDC, DOGE & DOT - How Far Can This Rally Continue?
2021-10-28 | Eddy Morgan
Shiba Inu Price Chart - Source: Coinmarketcap
This does not imply a price drop right away. SHIB bulls appeared to be aiming at $0.0001 USD as their next upside goal, according to the breakout that followed the creation of a Bull Pennant indicator. At the reporting time, SHIB is already trading at $0.00007492 USD which is 40% up for the day. As per coinmarketcap, SHIB is ranked at 8th position with daily volume at $42,432,178,980 USD, up by 200% in the past 24hrs surpassing Dogecoin, Polkadot & USDC. SHIB Price Can Drop to 45% to 55% Soon - Technical Indicator Between the Shiba Inu's swing high of $0.000090 USD and the swing low of $0.00000621, a Fibonacci Retracement graph revealed a string of levels that previously worked as support and resistance. For example, the graph's 1.618 Fib line almost coincided with the Shiba Inu's Bull Pennant goal, which was only two-notch higher at $0.00007224. SHIB's ability to test the $0.00006222 USD - $0.00007224 price range before enduring a major price correction was raised by the resistance confluence of the 1.618 Fib line and Bull Pennant target. The next negative objective for the cryptocurrency is approaching the 1.0 Fib line of $0.00005466, which is nearly 45%-55% below the current price of $0.00007396 USD.
