Shiba Inu (SHIB) Breaks Out of Stalemate
SHIB successfully snaps a seven-day string of essentially minimal volatility
SHIB previously had been witnessing unseen performance, which resulted in historically low average daily volatility as the asset's price stayed on the same level for the last seven days.
Luckily, things have changed today
Shiba Inu's daily chart shows that the token successfully broke the previous deadlock and is currently advancing toward the top edge of the range that was established back in July.
The asset will either surge to the following resistance levels or revert to the lower border of the range if the token hits the upper border, which will cause a consolidation.
Shiba Inu is currently displaying the flag pattern, which develops amid abrupt trends and serves as a "cool-off."
Unfortunately, statistics indicate that the majority of assets fall below the pattern's lower boundary and look for a new bottom.
However, there is a probability that Shiba Inu may have an increase in upward volatility that will benefit the price.
At press time, SHIB is changing hands at $0.0000012 and showing a mild 2.5% price increase in the last 24 hours.