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Shiba Inu (SHIB) Becoming Bullish, Ethereum (ETH) Price Screams Rally Continuation, Bitcoin (BTC) Not Giving up Market Dominance

January 19, 2024

Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme.

An ascending triangle is characterized by a flat upper resistance line and a rising lower support line. This pattern suggests that buyers are gradually gaining ground against sellers, as each dip is bought up at a higher level than the previous one, indicating accumulating pressure for an upward breakout.