SHIB Price Analysis
Shiba Inu is currently priced at $0.00003266, boasting a market cap of $19.28 billion and circulating supply of 589.29 trillion tokens. Over the last 24 hours, its value has dipped by -4.34%, and throughout the week, it's down by -13.37%.
Reviewing the past week, SHIB experienced a breakout to $0.00004541, swiftly followed by a rejection. The RSI is now edging below 70 levels, indicating a shift away from overbought conditions. Presently, SHIB is in a consolidation phase, forming a triangle pattern with lower highs and higher lows. There's anticipation of an imminent breakout within the current price range, provided the meme frenzy persists.
As a prominent meme coin on the Ethereum chain, particularly post the recent Denton upgrade, a positive trend is foreseeable for Shiba Inu.
Reviewing the past week, SHIB experienced a breakout to $0.00004541, swiftly followed by a rejection. The RSI is now edging below 70 levels, indicating a shift away from overbought conditions. Presently, SHIB is in a consolidation phase, forming a triangle pattern with lower highs and higher lows. There's anticipation of an imminent breakout within the current price range, provided the meme frenzy persists.
As a prominent meme coin on the Ethereum chain, particularly post the recent Denton upgrade, a positive trend is foreseeable for Shiba Inu.
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