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Shiba Inu: Here’s how long before a correction sets in
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Shiba Inu seems to have taken the crypto-community by storm. The month of October saw SHIB become a top-15 crypto after recording an astonishing ROI of 550% in just 30 days. On the charts, SHIB continued to rake in gains after a bullish pennant breakout last week.
With each of the RSI, MACD, and Awesome Oscillator eager to best their previous peaks, SHIB seemed poised for an extension towards the 138.2% Fibonacci level. However, a retracement could set in if investors pull out before SHIB tags $0.00005343.
Source: SHIB/USD, TradingView
Shiba Inu continued its ascent after a bullish pennant began to take shape post
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