- SHIB price varies between $0.00001387 and $0.00001448 in the previous 24 hours.
- Indicators show that bears are gaining strength, warning traders.
- According to recent research, the SHIB market is on the rise.
After a period of bearish control in the early hours of the day, the Shiba Inu (SHIB) market found support at $0.00001387. Bulls crowded the SHIB market after establishing support, raising the price to an intra-day high of $0.00001448. As of press time, the bullish rebound sent the SHIB price up 0.98% to $0.00001421.
During the upturn, the market capitalization increased by 0.97% to $7,801,731,580, but the 24-hour trading volume decreased by 13.24% to $431,104,436. Despite the drop in trading volume, optimistic traders were able to take advantage and record an intra-day high, giving the market some optimism for additional gains in the coming sessions.
SHIB/USD 24-hour price chart (source: CoinMarketCap)
With the MACD blue line crossing below its signal line at 0.00000019, the bullish momentum looks to be fading, and traders should be aware of this market reversal indication. Adding to the SHIB market’s pessimistic notion, the histogram is trending lo…
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