Crypto
Shiba Inu Price Hinges on Trendline Break Amid Falling Wedge Pattern
Shiba Inu (SHIB) has been trading at $0.00000447, with a slight increase over the past day.
The token's price action is currently being tested by a descending trendline on the four-hour chart, which has been rejecting every push higher.
On the daily chart, SHIB is sitting near the apex of a falling wedge pattern, which often resolves with a sharp move up or down.
If the trendline and wedge resistance are broken, price could climb towards $0.00000499 first, then $0.00000583 if momentum holds.