Shibu Inu Coin Pulls Back Sharply After The Monster Rally: Now What?

While the crypto market was going crazy about Dogecoin, another crypto token emerged on the scene with the self-declared purpose of ending the former.

High Volatility

The coin was Shibu Inu. However, things have been a bit up and down for the Shibu and the situation worsened last week. The coin had not only hit lower highs but in addition to that, the bulls had also struggled to arrest the decline at some points. However, things are not that grim and experts believe that Shibu is currently stuck in a phase of consolidation.

In this particular phase, the bulls are trying hard to ensure that the rally in the coin continues but are currently failing to achieve desired results. For instance, there was an expectation that the Shibu coin was going to break out into a rally last week, however, the inflation data in the United States led to instability in the global markets and eventually hit the crypto market as well. As a result, the much-anticipated breakout did not quite materialize and it is now going to be interesting to see if the bulls finally get their way with regards to the move in Shibu.