Chart Wars, Canine Edition: Will Shiba Inu Or Baby Doge Coin Break From This Pattern First? - SHIBA INU

Shiba Inu SHIB/USD and Baby Doge Coin BABYDOGE/USD were both trading slightly lower during Fridays 24-hour trading session, in continued consolidation after the FTX debacle and resulting bankruptcy sent the wider crypto sector plunging on Nov. 8 and Nov. 9.

Shiba Inu and Baby Doge Coin have traded in tandem with Dogecoin DOGE/USD, settling into triangle patterns, which could also be considered bear flag patterns when paired with the FTX-induced decline.

Traders and investors of Shiba Inu and Baby Doge Coin will want to keep a close eye on Bitcoin BTC/USD over the weekend, because the two micro cryptos are likely to take cues from the apex crypto.

If Bitcoin begins to move higher, Shiba Inu and Baby Doge Coin may break up from the triangles, while if Bitcoin breaks to a new 52-week low over the coming days, Shiba Inu and Baby Doge Coin are likely to break down from their bear flags.

From a technical standpoint, both cryptos look set to break up or down from their respective triangles over the coming days, although Shiba Inu may lead because it will hit the apex of its triangle sooner.