What’s next as Shiba Inu reverses all 2023 gains
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.The futures market was slightly bearish at press time.made in 2023. It has dropped from $0.00001575 in mid-February to 2022 December’s low of $0.00000780 as of press time.Based on the market structure, SHIB was firmly bearish with a downtrend momentum on the daily chart. Although it could flip bullish if it closes above $0.
The descending channel captures SHIB’s downtrend since mid-February. Although SHIB has hit a potential inflection point at the December lows of $0.00000780, a weak BTC could dim the chances of a solid corrective rebound.
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