Why an investment in Shiba Inu is not worthwhile

Shiba Inu price recently broke the $0.00002342 support significantly and the price could now be the next drop to the nearest support. The next minor support is around $0.00001721. As this support is not visible on the weekly chart, we anticipate that the price will only have short-term support. After that it could go down one floor again. The next minor support is around $0.00001380, so a drop to this support is possible.

The Shiba Inu against the Dogecoin course has formed a descending triangle over the past few weeks and months. However, this triangle is not in the final third yet, so the price has some time before it breaks out. As a result, Shiba Inu price could outperform Dogecoin price in the short-term to test the trendline, but then break out bearishly in the long-term. Thus, the Dogecoin course could outperform the course of the second largest memecoin.

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