Bitcoin’s Market Surge Boosts Investor Confidence

On May 13, the bulls in the Shiba Inu market skillfully protected the support line of the symmetrical triangle pattern. The 20-day Exponential Moving Average (EMA) has flattened out and the Relative Strength Index (RSI) is hovering around the midpoint, indicating that neither the bulls nor the bears have a definitive advantage at the moment. Predicting the direction of the breakout is challenging, therefore it would be wise to wait for the price to surpass or fall below the triangle before making substantial investments.