A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet's analysts evaluate where SHIBA could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
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Polygon price is nearing its last line of defense for entering an existential crisis. MATIC price is set to book its eighth straight week of losses, even eleven if you do not count the marginally profitable week from mid-April.
Ethereum price is already too far gone in the new area for recovery. ETH price will drop 50% before founding essential and strong enough support to halt the descent. Expect an L-shaped to W-shaped recovery, as current tail risks will linger for some time.
Ripple price sees massive outflows of funds as the demand-side dries up. XRP price is too far off from the upper barrier to make a return and can only go one way down. Expect another 50% drop to $0.173 before a bounce-off and turnaround could be triggered.
Terra price action paints a grim picture of a broader time frame. LUNA price is urgently needed to be reanimated as the patient represented by the price action is almost dead and drawing its last breath.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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