Shiba Inu, Bonk, and Pepe rise could be a dead cat bounce
Meme coins like Shiba Inu, Pepe, and Bonk also likely jumped as crypto investors bought the dip after they dropped for three consecutive days.
A potential risk for the ongoing rebound is that this could be a dead cat bounce. A DCB is a situation where falling asset prices stage a brief rebound and then resume the downward trend.
For example, Shiba Inu dropped by 15% on Dec. 9 and by 1% on the following day. It then formed a DCB by rising by 6% on Dec. 11 and then resumed its downtrend, reaching a low of $0.00001855 on Dec. 20. The other potential risk for these coins, especially Shiba Inu, is that some of them have formed a head and shoulders chart pattern.
An H&S pattern is a popular bearish reversal sign made up of a head, two shoulders, and a neckline, which is at $0.00002280. That is a sign that the coin may continue the downtrend. #TopContentChallenge#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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SuiCraft
· 2024-12-22 07:32
thank you for the information 👍💎
Reply0
Ryakpanda
· 2024-12-22 01:29
All in All in 🙌
Reply0
Fav17
· 2024-12-21 20:43
But it flew down...
Reply0
Sakura_3434
· 2024-12-21 20:20
Thank you for the information 🎯
Reply0
Goldseeker
· 2024-12-21 19:36
Allstars❤️to da moooooon
Reply0
Miss_1903
· 2024-12-21 18:39
Thank you for the information 🍀🍀🍀
Reply0
KatyPaty
· 2024-12-21 17:25
To Da Moon 🌕
Reply0
ChineseFleet:Lisa
· 2024-12-21 16:43
Look at my homepage. It's too late if you don't catch up. Take a look at the daily candlestick chart from November 22nd to now, and start trading Spot, be stable, don't open contracts. This is for those scared little cowards. At 0 o'clock, my [开心] has already To The Moon. I have already notified in advance, you deserve to be poor. Insider information: MEMEFI is going To The Moon, it will exceed 0.005888 USDT in the next few days. When I was young, I drove a Bentley and love was like playing a game. When I was young, I drove a Mercedes-Benz and there would be no quarrels in love. When I was young, I drove a BMW and didn't need to book a plane [飞机️]. When I was young, I drove an Audi and didn't need to mention the motorhome's bride price. When I was young, I drove a Haval and wanted love, I had to pray to Buddha. When I was young, I drove a CRV and if I want love, I have to rely on licking. When I was young, I drove a Chevrolet and ghosts would block me on the road of love. When I was young, I drove a Malibu, and when love saw me, it ran away. When I was young, I drove a Hyundai, and love doesn't even exist. When I was young, I drove a Wuling, and there's no need to mention love. When I was young, I drove a Buick, and love is always in conflict with me. When I was young, I drove a Geely, and love was never auspicious. Unfortunately, I drove a broken Yadi, and I dare not mention love at all.
Shiba Inu, Bonk, and Pepe rise could be a dead cat bounce
Meme coins like Shiba Inu, Pepe, and Bonk also likely jumped as crypto investors bought the dip after they dropped for three consecutive days.
A potential risk for the ongoing rebound is that this could be a dead cat bounce. A DCB is a situation where falling asset prices stage a brief rebound and then resume the downward trend.
For example, Shiba Inu dropped by 15% on Dec. 9 and by 1% on the following day. It then formed a DCB by rising by 6% on Dec. 11 and then resumed its downtrend, reaching a low of $0.00001855 on Dec. 20.
The other potential risk for these coins, especially Shiba Inu, is that some of them have formed a head and shoulders chart pattern.
An H&S pattern is a popular bearish reversal sign made up of a head, two shoulders, and a neckline, which is at $0.00002280. That is a sign that the coin may continue the downtrend.
#TopContentChallenge#
When I was young, I drove a Bentley and love was like playing a game. When I was young, I drove a Mercedes-Benz and there would be no quarrels in love. When I was young, I drove a BMW and didn't need to book a plane [飞机️]. When I was young, I drove an Audi and didn't need to mention the motorhome's bride price. When I was young, I drove a Haval and wanted love, I had to pray to Buddha. When I was young, I drove a CRV and if I want love, I have to rely on licking. When I was young, I drove a Chevrolet and ghosts would block me on the road of love. When I was young, I drove a Malibu, and when love saw me, it ran away. When I was young, I drove a Hyundai, and love doesn't even exist. When I was young, I drove a Wuling, and there's no need to mention love. When I was young, I drove a Buick, and love is always in conflict with me. When I was young, I drove a Geely, and love was never auspicious. Unfortunately, I drove a broken Yadi, and I dare not mention love at all.