Shiba Inu Slides In Tandem With Dogecoin Following 1-Day Crypto Rally: The Bull, Bear Case

Shina Inu (CRYPTO: SHIB) was sliding about 3.5% lower during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) and much of the crypto sector. The bears were attempting to break Shiba Inu down from a double inside bar pattern, but having some difficulty due to lower-than-average volume.

Timeline of Dogecoin, Shiba-inu

Dogecoin (DOGE) price is down 10% from a month ago. After the price slipped to a new 2023 bottom on Monday, DOGE long-term investors held firm as they looked to avoid booking historic losses.

Shiba Inu (SHIB), the canine-themed cryptocurrency, has reached what analysts have been referring to as its "Final Destination," the significant price level of $0.000008. This level has long been seen as a crucial support barrier that could potentially mark a reversal in trend for SHIB.

SHIB The Metaverse is unrelenting in intriguing its community as it is set to reveal the trailer for the much-anticipated Rocket Pond Hub in its metaverse. With confirmation for the trailer shared with its community on Twitter, Shiba Inu supporters now believe the meme coin is finally getting the boost it needs to build its momentum.

Shib is on the verge of unleashing an electrifying experience as they announce the upcoming release of the highly anticipated Rocket Pond trailer, set to captivate audiences with a glimpse into their thrilling metaverse journey. Rocket Pond, one of the 11 hubs in Shiba's virtual world was announced on Shib – The Metaverse, the official

Shiba Inu Price Analysis: For over a year, the Shiba Inu price has been trading sideways resonating strictly between the two converging trendlines. In the weekly time frame chart, this consolidation reveals the formation of a famous continuation pattern called a symmetrical triangle.

XRP, Dogecoin and several other cryptocurrencies are posting a rebound after the market witnessed selling pressure yesterday and the day before as a result of the SEC lawsuits against the two biggest exchanges, Coinbase and Binance.

In a recent announcement, SHIB: The Metaverse Twitter account revealed that the highly anticipated trailer for Rocket Pond, a key component of Shiba Inu's virtual world, will be unveiled tomorrow. The project has been making remarkable progress, leaving the SHIB army and its executives thrilled about what lies ahead.

This article provides a meta-analysis of the technical analysis available on Shiba Inu (SHIB) as of 6 June 2023. Shiba Inu (SHIB) is a meme coin created in 2020. It is one of the most popular cryptocurrencies in the world, with a market capitalization of over $10 billion.

Meme coins inspired by the Securities Exchange Commission (SEC) and its chair Gary Gensler have gained significant momentum, beating Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe coin (CRYPTO: PEPE) in gains over the last 24 hours. What Happened: Following the SEC's recent lawsuits against crypto exchanges Coinbase Inc (NASDAQ:COIN) and Binance, a number of meme coins saw a sharp increase in price.

Dogecoin Price Analysis: For nearly a month, the Dogecoin price witnessed a sideways trend between the $0.075 and $0.069 levels responding to broader market uncertainty. However, with the recent sell-off in the crypto market, the range formation resulted in the sellers' favor as the price plunged below $0.069.