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Shiba Inu price drops to record low vs Dogecoin — Will history repeat with a 150% rally?

(SHIB) price can rise by nearly 150% versus its top meme-coin rival, Dogecoin (DOGE), in the coming months, based on a technical fractal.

The bullish setup appears as the SHIB/DOGE pair rebounded slightly after dropping to 0.0000841 — its lowest level ever — on Nov. 1. The price level coincided with a descending trendline that has served as strong support for the pair since November 2021.

SHIB/DOGE daily price chart. Source: TradingView
three-day price chart. Source: TradingView
SHIB/USDT three-day price chart. Source: TradingView