The price of the Shiba Inu is forming an inverse head-and-shoulders pattern, providing a once-in-a-lifetime opportunity for investors to participate in a newer digital asset with a timely, high-probability entry point. The successful launch of ShibaSwap on July 6 and the reducing supply on exchanges add to the bullish SHIB narrative’s positivity.
A technical and on-chain examination of the Bitcoin price is provided. FXStreet’s analysts assess where BTC might go next, as it appears to be on the verge of a resurgence before capitulation.
Since the June 25 recovery high, the Dogecoin price has had an uninteresting investment environment, as May’s descending trend line has successfully blocked each daily rally attempt. DOGE is expected to continue erasing the 95 percent bounce from the 200-day simple moving average (SMA) on June 22 and trigger the head-and-shoulders pattern as long as the trend line maintains its technical presence./n
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