Shiba Inu Forms Bull Flag, Zero Removal Possible

Shiba Inu (SHIB) has formed a bull flag pattern on its chart, which could potentially lead to a removal of a zero in its price in the coming days. The bull flag is characterized by a strong upward move followed by a period of consolidation that moves lower.

The price of SHIB has been consolidating after a short squeeze drove prices up in the past week. Despite this calm, crypto assets overall are showing relative strength, with most assets in the green over the last 24 hours.

According to crypto trader $SHIB Knight, 'SHIB is making Bull Flag.' This pattern presents a possible continuation setup if the price breaks higher through the upper boundary of the flag with strong volume.