SHIB has indeed performed well recently, with a continuous four-day increase of 38%. However, after peaking last night, the price started to decline. The current trend is quite interesting—decline, sideways movement, then decline again, with this rhythm repeating. From the daily chart, a clear downward trend has already emerged, and the technical signals are quite obvious. This pattern is definitely worth paying attention to for bears, as there may still be room for further adjustment in the short term. From a technical perspective, both the support below and the resistance above are quite critical, and close monitoring of the subsequent developments is necessary.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
9
Repost
Share
Comment
0/400
MerkleMaid
· 01-08 03:49
Hmm... After a 38% increase peaks, it starts to plunge. This pattern is all too familiar.
View OriginalReply0
RebaseVictim
· 01-07 11:27
A 38% increase has peaked; I've seen this trick too many times.
View OriginalReply0
ChainMemeDealer
· 01-06 09:47
A 38% surge so strong, a night back to square one? That's hilarious, this is just the traditional skill of Shiba Inu coin.
View OriginalReply0
SorryRugPulled
· 01-05 10:51
A 38% increase peaked so quickly; those who got in are going to suffer badly.
View OriginalReply0
SybilAttackVictim
· 01-05 10:48
A 38% increase has peaked, this wave is really a leek harvester.
38% peak in just four days? Data shows that this kind of repeated "bear trap pattern" has occurred 17 times in the second half of the year, with 14 of those times ultimately breaking through support levels. Interestingly, the more analysts there are, the more "clear" the signals become [cold laugh]
View OriginalReply0
StableBoi
· 01-05 10:32
A 38% increase is just so-so; it started breaking down after reaching the peak.
SHIB has indeed performed well recently, with a continuous four-day increase of 38%. However, after peaking last night, the price started to decline. The current trend is quite interesting—decline, sideways movement, then decline again, with this rhythm repeating. From the daily chart, a clear downward trend has already emerged, and the technical signals are quite obvious. This pattern is definitely worth paying attention to for bears, as there may still be room for further adjustment in the short term. From a technical perspective, both the support below and the resistance above are quite critical, and close monitoring of the subsequent developments is necessary.