Shiba Inu Displays Surprising Price Movement – Can SHIB Ditch The Flatline?
Shiba Inu (SHIB) is full of surprises up its sleeve. The top dog meme coin’s latest price rally was impressive as the coin was able to showcase the lowest level of daily volatility as seen in the entire crypto trading history. As of this writing, SHIB is up by 2.66% or at $0.00001217. According to the daily chart, SHIB has been consistently darting on a straight line seen in the past few days. In fact, the dog meme coin’s price hasn’t moved a bit for a straight week, which is bizarre especially for a volatile asset such as SHIB. Chart: TradingView.com Related Reading: SOL Loses $40 After....
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SHIB’s price shows much strength after breaking out from its long-range channel movement. SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135. SHIB’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Shiba Inu (SHIB) price showed some great price action as the price rallied, trying to mimic the price of DOGE after seeing the price of DOGE rally by over 150%. The price of Shiba Inu (SHIB) tried to replicate this....
SHIB’s price struggles to hold above key support as the price tends to get a knockout into a range channel. SHIB continues to struggle in a range-bound movement as the price attempts to breakout from its range price. The price of SHIB continues its range movement in a range channel as the price trades below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. Shiba Inu (SHIB) has been underperforming against tether (USDT) for several weeks now, with the price trading primarily in a range-bound movement with little or no volume to rally. Although the uncertainty that....
Shiba Inu (SHIB) momentarily moved out of its bearish streak that’s been going for the past few weeks on October 25 when the crypto market made a rally to reclaim the $1 trillion market cap turf. SHIB went up by 10% since October 25 before its recent price correction Shiba Inu lost 2% of its value over the last 24 hours The crypto is still up by almost 8% for the past week In doing so, the Dogecoin spin-off crypto managed to upend weeks of being in a downward trend that’s been very brutal to the 14th ranked cryptocurrency in terms of market capitalization. SHIB, however,....