Crypto analyst Mark.eth has identified a bull flag pattern developing on SHIB’s weekly chart The pattern originated on January 27 after an 18.5% correction This could be a big boost to meme coins in general, considering Shiba Inu has a big influence, holding over 10% of the meme coin market cap A crypto analyst Mark.eth has identified a bull flag pattern developing on SHIB’s weekly chart. He argues that once Shiba Inu breaks out, it could spark a mega bullish rally affecting meme coins broadly. The pattern originated on January 27 after an 18.5% correction, and Shiba Inu has followed this flag structure for 7 months, forming lower highs and lows. SHIB rallied to $0.00001597 last week but dropped 18% to $0.00001305. Interestingly, this recent high once again hit the flag’s resistance line, just like the earlier May 12 high of $0.00001765, which also led to rejection. Additionally, Mark.eth also mentioned that this could be a big boost to meme coins in general, considering Shiba Inu has a big influence, holding over 10% of the meme coin market cap. Other analysts have a similar opinion. For instance, Shib Spain expects a rebound from $0.000012 su… The post Shiba Inu (SHIB) Flashes Bull Flag: Analyst Predicts Massive Rally and Meme Coin Surge appeared first on Coin Edition .
