His chart appears to show characteristics of an ascending triangle pattern. This popular pattern is considered bullish due to its formation of higher lows.
At the time of writing, SHIB is trading at $0.0000305 after a 24-hour increase of 1.3%. It is currently in 13th place by market capitalization while its archival Dogecoin is in the 9th spot.According to IntoTheBlock data, a major portion of addresses are currently holding the leading meme coins at prices ranging from $0.000026 to $0.000035. Notably, 44.83% of these addresses are currently turning a profit.
Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.
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