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What long SHIB traders need to worry about over the next 24 hours
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Of all the meme coins in the market, SHIB has managed to garner the most traction of late. Why? Well, thanks to its recent 1200% surge in October. Post that, however, SHIB has applied the brakes. In fact, SHIB went on to shed close to 50% of its value.
Meme coins have, more often than not, taken due advantage of optimistic broader market trends. Several instances from the past advocate the same. Even in the last 24 hours as most of the top coins rallied, SHIB didn’t hesitate in following their footsteps.
After the meme coin pumped by more than 20% on Friday, it seemed even more likely that SHIB will re-attain its previous highs.
Well, it would be quite a challenge for SHIB to continue registering green candles on its short-term price chart
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