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.
What I have seen is the opposite, say Shiba Inu coins, if the public continues to give a positive response to Shiba, investors will not do anything about the coin, the proof is the Doge coin, no one was interested in investing in the coin at that time, in fact the coin became the target of large investors, eventually skyrocketed.
It could have happened to Shiba, where when people were no longer interested in the coin shiba.