Shiba Inu price is plotting an inverse head-and-shoulders pattern, offering a unique opportunity for investors to participate in a newer digital asset with a timely, high probability entry point. Reinforcing the constructiveness of the bullish SHIB narrative is the successful launch of ShibaSwap on July 6 and the declining supply on exchanges.
A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet’s analysts evaluate where BTC could be heading next as it seems bound for a rebound before capitulation.
Dogecoin price has featured an uneventful investment environment since the June 25 rebound high as May’s descending trend line has successfully halted each daily rally attempt. As long as the trend line maintains its technical presence, DOGE is projected to continue erasing the 95% rebound off the 200-day simple moving average (SMA) on June 22 and trigger the head-and-shoulders pattern.