The SHIB cryptocurrency has been the star performer in March, significantly contributing to boosting the global cryptocurrency market capitalization to $2.5 trillion. The second largest meme coin, SHIB, is expected to show parabolic growth on the daily chart, rising from $0.00000651 to $0.00003941 in a month.
Analyzing this massive rally on the weekly chart, one can see the formation of what is known as a bullish reversal pattern, known as a round bottom pattern. In theory, this chart setup signals the maturation of a downtrend and the emergence of a new recovery trend.
Under the influence of this pattern, Shiba Inu price may extend its recovery trend towards the potential of $0.000066, followed by $0.00010477. #热门话题 #BTC #ETH
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