Can Shiba Inu’s dissociation from Bitcoin help SHIB rally in Q3
— Week ago, Shiba inu, Important observation, Btc ]., Next three months, Metric drops, Meme coin shared, Form, Aforementioned similarities, Sell — 1 min read
Shiba Inu [SHIB] completed the third consecutive quarter making no significant progress on the charts. The meme coin was floating on its month-long rally from September 2021, which placed SHIB amongst the top cryptocurrencies. The altcoin has only managed to recover from the crash of June, which too is hardly sustainable, as the cryptocurrency dropped by another 9% in the last 24 hours. Buy and sell orders from investors are currently exceeding the sell orders by at least 580 billion SHIB. The active uptrend is also losing strength and will ultimately lose it if the Average Directional Index (ADX) falls below 25.0 (ref.shib) The coin appears pretty vulnerable to a price swing. Investors looking to enter would be better off Source