SHIB Technical Analysis: Entering the Robinhood Menu, Shib Jumps 15%

SHIB coin price experiences a surge in buying pressure as it gets listed on the Robinhood platform. But will news-based buying create new highs? Key technical points: Shiba Inu gets listed on Robinhood. The coin price attempts the triangle pattern breakout. Finally, the 24-hour trading volume of Shiba Inu is $3.22 Billion, marking a 355.81% rise. Past Performance of SHIB SHIB coin price action formed a symmetrical triangle with a relatively more robust resistance trendline, as mentioned in our previous article. The sudden reversal from the support trendline with increased trading volume surpasses the stronger resistance trendline with a 36% inflation. The increased buying comes with the news of Shiba Inu getting listed on the Robinhood platform, confirmed by the Robinhood social media team on Twitter. https://twitter.com/RobinhoodApp/status/1513864672491053060 Source-Tradingview SHIB Technical Analysis The SHIB coin price retracts under the triangle pattern as the buying pressure cools down. Hence, the coin prices struggle to sustain the uptrend above the resistance trendline resulting in a long-wick formation. So, if the buying pressure lightens, a bearish reversal to the support trendline is possible. The crucial daily EMAs maintain the sideways trend, with the 50 and 200-day EMA proposing the death cross possibility. However, the price surpassing all the crucial EMAs within a day presents a new bullish crossover possibility...