Dogecoin

‘Much ow’ ahead? Dogecoin chart fractal puts Shiba Inu’s 390% QTD rally in danger By Cointelegraph



(SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions.

Yuriy Bishko, a Ukraine-based market analyst, discussed the potential bearish scenario based on Shiba Inu’s recent price trends, which appear eerily similar to those recorded in the (DOGE) market earlier this year.

DOGE/USDT versus SHIB/USDT daily price chart. Source: Yuriy Bishko, TradingView.com
SHIB/USDT daily price chart. Source: TradingView.com

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