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The Shiba Inu coin has long been working in the background, under the shadows, to solidify its presence in the financial realm. The token has lately adopted a bearish stance, unable to secure major highs despite SHIB commanding a massive pool of loyalists. The token is yet to hit its finest price levels, which SHIB can only achieve if it targets this one simple yet effective key rule. Also Read: Shiba Inu Community Cheers LEASH v2 Launch After 10% Supply Surge How Can Shiba Inu Coin Flip the Table for Good? Source – The Coin Republic There was a time when Shiba Inu was holistically referred to as a “millionaire maker.” The token’s 2021 price rally was dubbed as one of the most iconic price rallies of a cryptocurrency token, birthing new millionaires in the process. This title led the token to explore new popularity heights, enabling it to become a fan favorite in an instant. However, the last two years have been particularly hard for the token, as major external market forces cont...

Bitcoin (BTC) is showing signs of weakness after failing to break through critical resistance levels, but an analyst is suggesting the current bearish momentum may be short-lived, though investors should brace for more near-term losses. According to Analysis by Master Ananda in a TradingView post on August 20, Bitcoin’s inability to move past the $122,524 resistance level has triggered a double-top bearish signal, pointing to the likelihood of a deeper correction in the short term. Bitcoin price analysis chart. Source: TradingView The next key level to watch is the 1.618 Fibonacci extension at $102,077, which Ananda identified as the main support target, with the possibility of a further drop toward $100,000. While $112,000 has provided temporary support, the analyst believes it is unlikely to hold given the current long-term chart structure. The correction, however, is expected to last only a few more days before Bitcoin finds its footing. Altcoins, which typica...

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