Shiba Inu (SHIB) is down 1% in 24 hours, extending the ongoing correction after bulls faced rejection at $0.0000159 over the weekend. However, technical analysis and two on-chain metrics hint at an incoming 43% Shiba Inu price surge to $0.000021. Catalysts That May Drive a 43% Shiba Inu Price Rally to $0.000021 Like most meme coins, Shiba Inu tends to track Bitcoin’s price movements. At press time, BTC had shed 0.7% of its value, which explains the ongoing downtrend in SHIB price. However, with the market sentiment still in “greed” territory, SHIB has room to recover. The main catalysts that will drive this recovery include: Bull flag pattern teases 43% surge Social volumes explode by 155% Network profit/loss ratio signals a SHIB bottom Bull Flag Pattern Teases 43% Surge A bull flag pattern has emerged on Shiba Inu’s daily price chart. This pattern occurred as the price of Shiba Inu… Read More at Coingape.com

The post Here are 3 Reasons for Shiba Inu Price to Rally 43% appeared first on CoinGape.

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