Shiba Inu [SHIB] is generating buzz once again, with its latest breakout from a falling wedge pattern signaling potential bullish momentum...
is generating buzz once again, with its latest breakout from a falling wedge pattern signaling potential bullish momentum. At press time, SHIB was trading at $0.0000178, following a 5.98% hike over the last 24 hours.
Additionally, the RSI sat at 65.36 at press time. This suggested that while SHIB may be approaching overbought territory, it still has room for upward movement. If the memecoin’s price holds above the midline, bullish momentum may continue to build.A price hike alone isn’t enough to fuel a sustainable rally. Therefore, it’s essential to consider on-chain activity and, SHIB’s data showed some promising signs. Over the last 24 hours, for instance, SHIB’s active addresses rose by 1.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mapping Shiba Inu’s price prediction as SHIB rallies 12% in 24 hoursShiba Inu price prediction indicated that a potential 11-15% gains were likely if SHIB cleared key overhead resistances.
Read more »
Shiba Inu price prediction – SHIB to reverse its 2024 gains now?Shiba Inu seems to be flashing some positive signs on the price charts, but its short-term may not be as positive. Heres's why...
Read more »
Shiba Inu: Selling pressure looms over SHIB after recent gainsThe triangle pattern breakout was encouraging for Shiba Inu but the other metrics showed distribution and potential selling pressure soon.
Read more »
Assessing Shiba Inu’s 360% transaction surge: What’s next for SHIB?SHIB has experienced a massive 360% surge in large transactions over the past week, attracting attention from investors.
Read more »
Assessing Shiba Inu’s odds after SHIB’s most-recent failed breakoutThe deep retracement of Shiba Inu from a significant resistance zone was worrisome, and metrics suggested some more selling is possible...
Read more »
Shiba Inu burns rise, but this is why SHIB remains below crucial levelsShiba Inu's Shibarium burn portal has stalled, with no notable burns recorded since its launch. Still, burns have continued.
Read more »