Shiba Inu Price Analysis: ‘Rising Three Methods’ Pattern Hints $0.00002 Retest Next Week

Shiba Inu (SHIB) could retest the $0.00002 level after forming a “rising three methods” pattern. As the bearish momentum weakens, Shiba Inu price may retest this level as early as next week, depicting a 48% rally from its current price. Despite having a bullish technical outlook, Shiba Inu faces headwinds as the broader market sentiment shifts bearish following $655 million in liquidations, as most crypto prices dropped. At press time, SHIB trades at $0.0000135 with a 6% decline. 24-hour trading volumes were up by over 30% according to CoinMarketCap data, which is likely due to a spike in selling activity. Shiba Inu Price Targets $0.00002 Amid “Rising Three Methods Pattern” Shiba Inu has formed a “Rising Three Methods” pattern on the weekly chart. This pattern usually appears during an uptrend where the price forms a large body bullish candlestick, followed by three subsequent red candles with higher lows. Shiba Inu… Read More at Coingape.com

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