Shiba Inu price shaped a cup-with-handle base through July and early August before triggering on August 16 with a daily close above the handle high of $0.00000887. The breakout has quickly introduced profit-taking, suggesting a bear trap and putting the 36% measured move of the SHIB base in doubt.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How 2021 has unfolded and what is next for BTC, ETH and XRP
Bitcoin price, Ethereum and XRP have engaged various strategic support and resistance levels since the March 2020 low. Each carving out a unique price structure that projects bullish outcomes for the major cryptocurrencies in the months ahead.
Cardano price rallied over 50% last week, carrying ADA to within 10% of the all-time high of $2.51. Since February, it was the best weekly performance and repositioned the cryptocurrency as a new target for speculators moving forward.