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SHIB Price Prediction: Shiba Inu hype may not prevent a 50% decline – FXStreet

SHIB price has been consolidating today after the significant decline related to Vitalik Buterin’s decision to donate $1 billion worth of Shiba Inu to

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  • SHIB price may be in the process of framing a descending triangle pattern.
  • 50 one-hour simple moving average (SMA) has begun to provide resistance over the last 24 hours.
  • Volume has notably declined today, characteristic of descending triangle patterns.

SHIB price has been consolidating today after the significant decline related to Vitalik Buterin’s decision to donate $1 billion worth of Shiba Inu to the India COVID Relief Fund. The emerging descending triangle projects lower prices for Shiba Inu…

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