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

(SHIB) has emerged as top-of-the-line 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 positive factors within the coming classes.

Yuriy Bishko, a Ukraine-based market analyst, mentioned the potential bearish state of affairs primarily based on Shiba Inu’s latest worth traits, which seem eerily just like these recorded within the (DOGE) market earlier this yr.

DOGE/USDT versus SHIB/USDT each day worth chart. Supply: Yuriy Bishko,
SHIB/USDT each day worth chart. Supply: