Shiba Inu Crawls Yawns As Market Falls: The Bull, Bear Case For The Dogecoin Killer

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Shiba Inu (CRYPTO: SHIB) was trading mostly flat Wednesday, showing strength in comparison to the general market, which saw the S&P 500 falling almost 1%. The crypto sector has been trading mostly horizontally since Aug. 18, with Bitcoin and Ethereum holding near $25,000 and $1,600, respectively. Shiba Inu, which broke down from a triangle pattern on Sept. 1, has settled into a falling channel pattern on on the 24-hour chart and on Wednesday, the crypto attempted to break up from the formation but failed. Within the channel, Shiba Inu has been making lower lows and lower highs between the two …

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