SHIB Consolidates After Increasing Exponentially, Will this Continue? By CoinEdition

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SHIB Consolidates After Increasing Exponentially, Will this Continue?

Cryptocurrency Jan 17, 2023 02:30PM ET

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SHIB Consolidates After Increasing Exponentially, Will this Continue?

SHIB/USD

+2.27%

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SHIB tanks to the red zone instantly after the market opened for trading and reached $0.000008741, the lowest.

Bulls keep bears at bay after a hard-fought tussle at the beginning of the week.

Shiba Inu reciprocates the RSI by setting lower highs.

Shiba Inu (SHIB) had a gloomy start to the week trading at $0.0000093 as shown in the chart below. Instantly after the trading began for the week, SHIB tanked into the red zone. The token was in the red zone for almost a quarter of the second day. SHIB reached its lowest price of $0.000008741 for the week on the first day of the week.

After its brief stay in the red zone, the bulls pulled SHIB into the green zone. Ever since the bulls started the rally, the bears have been kept at bay. During the initial stages of being in the green zone, SHIB struggled to gain momentum. However, towards the end of the third day, the bulls ran rampant. SHIB reached a maximum of $0.00001106 on the fourth day of the week.

Currently, Shiba Inu is up by 1.43% in the last 24 hours and is priced today at $0.000011 with a 24-hour trading volume of $278,574,549. Furthermore, it ranks at 15 with a live market cap of $5,804,729,945 USD.

The post SHIB Consolidates After Increasing Exponentially, Will this Continue? appeared first on Coin Edition.

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SHIB Consolidates After Increasing Exponentially, Will this Continue?

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