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Shina Inu, Chainlink, VeChain Price Analysis: 21 November
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Just as the market entered a recovery phase, the bulls could not sustain their rally with a robust force. Accordingly, altcoins like Shiba Inu, Chainlink, VeChain saw losses on their daily charts after an attempted revival.
Broader standpoint remained skewed in favor of bears along with the likelihood of increasing bullish power.
TradingView, SHIB/USD
The meme coin could not sustain its 213% October-end rally. Thus, the token steadily declined after striking its ATH on 28 October. Since then, SHIB has flashed a bearish outlook while the price fell in a descending triangle pattern. The correction phase led SHIB to a 54% loss in the next 21 days. Consequently, it poked its three-week low on 18 November.
Over the next two days, the alt saw a
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