Shiba Inu (SHIB) Eyes 15% Drop: Expert Analysis

Recently, the crypto market flipped in a bullish direction, with Bitcoin (BTC) and other top assets, including Shiba Inu (SHIB), trading in the green.

Shiba Inu (SHIB) price is displaying a sell signal on the 4-hour chart, following a recent breakout from a descending channel. However, the meme coin has managed to stay above a key support level, which could invalidate the bearish thesis.

Sell Signal Clashes With Market Bullishness, Investors Seek Safe Haven In $0.0171 Altcoin

Recently, the crypto market flipped in a bullish direction, with Bitcoin (BTC) and other top assets, including Shiba Inu (SHIB), trading in the green. However, analysts have urged investors to maintain caution with Shiba Inu (SHIB) due to recent sell signal, prompting them to seek safer investment in an altcoin WallitIQ (WLTQ) that is currently in its ongoing presale. This article discusses why investors choose WallitIQ (WLTQ) among the flurry of assets in the crypto market. 

A 4-hour analysis of the Shiba Inu price chart shows that SHIB is at risk of dropping by 15% due to a sell signal on its price chart. However, crypto analysts speculate that the bearish thesis of a sell signal could be invalidated if Shiba Inu (SHIB) could close above the $0.000017 level.

According to CoinGecko, Shiba Inu (SHIB) currently trades around the $0.000018 level, suggesting that the meme coin was able to break past the $0.000017 level.

Shiba Inu (SHIB) Eyes 15% Drop

Expert analysis of the Shiba Inu (SHIB) chart suggests that SHIB is at risk of dipping by 15% due to a sell signal flashing on its price chart. However, analysts speculate that the bearish thesis of a sell signal could be invalidated if Shiba Inu (SHIB) could close above the $0.000017 level.

According to CoinGecko, Shiba Inu (SHIB) currently trades around the $0.000018 level, suggesting that the meme coin was able to break past the $0.000017 level.

Nevertheless, Shiba Inu (SHIB) is not yet off the hook as crypto analysts revealed that Shiba Inu (SHIB) is forming a bullish reversal pattern, which can be invalidated if the bears from a sell signal successfully push SHIB price down to the $0.000012 mark.

However, if Shiba Inu (SHIB) manages to move past its sell signal and enter a bullish pattern, then SHIB could experience a 300% surge that will take it to its all-time high.

Conclusion 

The sell signal flashing on the Shiba Inu chart has planted doubt in the hearts of SHIB investors, making them move their investments into WallitIQ (WLTQ) altcoin. As a result, market experts have made a bullish speculation on WallitIQ (WLTQ) predicting that the altcoin will soon surge to the $5 mark. As a cherry on top, altcoin debuted on Coinmarketcap. So don’t delay: Buy WallitIQ (WLTQ) altcoin today. 

Join the WallitIQ (WLTQ) presale and community: 

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