Meme coins took a significant hit during the ongoing correction phase. Many crypto coins lost their 50% retracement level and continued to face bear wrath. However, the growing interest of investors in those discounted prices teases a recovery opportunity in these coins. Let’s study the technical charts of these top meme coins to find out.
Since the correction phase initiated in October end of 2021, the SHIB price has only experienced a steady downtrend. The token price has tumbled by 75% from the All-Time High of $0.00008455, and current hints further sell-off respecting a falling channel pattern. However, the Shibarmy should be excited as Shiba Inu is prepared to launch
The Shiba Inu price chart shows a reversal from the support trendline of the falling channel. However, the price jump acts as a retest of the bearish breakout of the falling channel. Hence, the sudden increase in buying pressure may soon succumb to drive the price lower. Key technical points: The SHIB token price finds
Memecoins are among the highest gainers over the past day and now with the Robinhood listing rumors about SHIB, we can see the coin surging by 16% in the past 24 hours. But are the rumors true? Let’s find out in today’s altcoin latest news. Shiba Inu jumped 16% leading the gains among other cryptocurrencies […]
