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‘Much ow’ ahead? Dogecoin chart fractal puts Shiba Inu’s 390% QTD rally in danger By Cointelegraph

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The (SHIB), has been created as One of the most valuable investmentsThe price of bitcoin is expected to rise by nearly 390% over the next week, as it heads into the fourth quarter and final quarters of 2021. However, this spin-off cryptocurrency meme cryptocurrency is now at risk of wiping out most of these gains over the next sessions.

Yuriy Bishko (a Ukrainian market analyst) The potential bearish scenario was discussedBased on Shiba Inu’s most recent price trends which are eerily comparable to the (DOGE), market earlier in this year.

Daily price chart DOGE/USDT and SHIB/USDT Source: TradingView.com Yuriy Bishko
Chart of the daily SHIB/USDT price. Source: TradingView.com