Shiba Inu (SHIB) Meets 'Falling Three' Pattern: What It Might Bring

Shiba Inu might form new pattern for foreseeable future

chart is painting a narrative that is hard to ignore: the"falling three" pattern. This pattern is a bearish continuation signal, often appearing midtrend. It consists of five candlesticks: a long red one, followed by three small green ones, and capped off with another long red one. The pattern suggests that the bears are taking a brief pause before continuing theirShiba Inu's price has been a roller coaster.

After a couple of days of upward movement, the asset is currently priced at $0.00000726. But do not let the recent uptick fool you. Just days ago, the price took a nosedive.Whale activity is also on the rise, adding another layer to the unfolding drama. When the big players start moving, you know that asset's volatility might be on the rise. But here's the kicker: the 21-day and 50-day Exponential Moving Averages are on the verge of crossing.

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