SHIB Stuck in Neutral Zone: Here’s What’s Needed for Breakout

SHIB Stuck in Neutral Zone: Here’s What’s Needed for Breakout

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Shiba Inu coin entered a neutral price territory right after WazirX’s hack. The Elliott Wave theory produces an interesting observation on SHIB. The calmed burn rate and Open Interest dip add extra hurdles for SHIB. Shiba Inu (SHIB) has been lagging in price compared to its peers in the meme coin sector. While Dogecoin (DOGE) inked small weekly gains of just under 5%, its smaller rival, Dogwifhat (WIF), fetched 18% in seven days. Shiba Inu Coin at Even-Handed Territory This week’s stagnant price movement for Shiba Inu confused SHIB custodians, who enquired about the near-future prospects of SHIB's price


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