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.
No technical analysis can analyze meme coins. They are reliant to hype and not to its fundamentals. Well, I think shiba inu is done with its hype and I think they've reached their maximum potentials. Many are trapped at the top and those who bought at the bottom got their rewards already.