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'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Published Oct 08, 2021 10:31AM ET Updated Oct 08, 2021 12:20PM ET
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DOGE/USD
-11.12%
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SHIB/USD
-13.49%
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Shiba Inu (SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions.

Yuriy Bishko, a Ukraine-based market analyst, discussed the potential bearish scenario based on Shiba Inu's recent price trends, which appear eerily similar to those recorded in the Dogecoin (DOGE) market earlier this year.

DOGE/USDT versus SHIB/USDT daily price chart. Source: Yuriy Bishko, TradingView.com
SHIB/USDT daily price chart. Source: TradingView.com

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'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger
 

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Comments (3)
Richard Kohn
Richard Kohn Oct 08, 2021 6:43PM ET
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Talk about fake news! Another article filled with complete nonsense.
Marshall Allmand
Marshall Allmand Oct 08, 2021 6:37PM ET
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First of all Shiba is nothing like doge!
BlockChain Planet
BlockChain Planet Oct 08, 2021 6:15PM ET
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more complete garbage nonsense from people who know NOTHING about Shiba inu and Shibaswap + many of its eco system evolving.... yikes
 
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