One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
It depends on what do you mean by that, taking into account the popularity of those coins among some of the member of the forum I doubt they will disappear any time soon.
However if what you mean by that is that you think the short term growth that those two coins are experimenting during the last months is coming to an end then you may have a point, however if the bull market continues and bitcoin keeps growing then those coins still have a chance to give you profits, however I think we are teaching the limits of what those coins can offer and as such it could be a risk to buy them right now, as those two coins are completely dependent on hype for their growth, and if the hype evaporates then the gains those coins have gotten will suffer the same fate.