Shiba Inu is currently displaying an ascending triangle pattern on the SHIB/USDT chart. The widespread recognition of this technical formation could be a signal for a significant increase in the price of the meme.An ascending triangle is characterized by a flat resistance line above and a rising support line below. This pattern shows that buyers are gradually outmaneuvering sellers, as each dip is priced higher than the previous one, indicating that pressure for an upward breakout is building.For a Shiba Inu that has been lingering in a period of relatively non-existent activity, this pattern could become a huge source of volatility in the near future. Recent market conditions have shown a decline in interest in traditional memecoins, and SHIB is no exception. The lack of significant developments within the Shiba Inu network has led to lackluster activity around the cryptocurrency.In contrast, most of the activity in the memecoin space occurs on the Solana network. The platform has become a hotbed for the deployment of new meme coins that are much more volatile than those on the Ethereum network on which Shiba Inu is based. The high activity on Solana contrasts with the slump in the Ethereum meme coin space, attracting traders and investors looking for quick gains and a high level of excitement.I like spot goods and want to raise funds together to stock up on spot stocks in the bull market.Click on the avatar, follow me, face the fans, my bull market strategy layout, share for free, become a free blogger, just to increase fans.
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