#Altcoins Rally A Bear Flag Signals a Collapse in the Price of Shiba Inu
In the 2-day price chart, SHIB is forming a pennant pattern, which could break in either direction. However, the price is currently trading near the lower trend line of the pennant, around $0.00001158, and a clear break below this level may signal a complete breakdown of the pattern. The price of Shiba Inu has attempted several recoveries from the lower trend line.
Additionally, the Average Directional Index (ADX) has weakened. It dropped from 22 in mid-July to 18.4, indicating a decrease in the overall strength of the t
View OriginalIn the 2-day price chart, SHIB is forming a pennant pattern, which could break in either direction. However, the price is currently trading near the lower trend line of the pennant, around $0.00001158, and a clear break below this level may signal a complete breakdown of the pattern. The price of Shiba Inu has attempted several recoveries from the lower trend line.
Additionally, the Average Directional Index (ADX) has weakened. It dropped from 22 in mid-July to 18.4, indicating a decrease in the overall strength of the t













