Shiba Inu (SHIB) surged past Avalanche (AVAX) to claim the 12th spot on CoinMarketCap, driven by an 8.75% price increase and a 157.08% spike in trading volume.
SHIB’s upward momentum faces potential resistance at $0.00001910, while technical indicators like the RSI and MACD suggest a possible correction.
Avalanche (AVAX) shows steady growth, with support at $25.74 and resistance at $26.75. AVAX’s RSI indicates a neutral outlook, contrasting with SHIB’s overbought status.
Shiba Inu climbed in market cap rankings, overtaking Avalanche (AVAX) to reach the 12th position on CoinMarketCap (CMC). This surge was driven by strong buying interest, with SHIB’s price appreciating by 8.75% for an impressive daily gain of around 10.3%. Meanwhile, Avalanche showed steady, albeit slower, gains with a 3.03% increase.
Shiba Inu’s Bullish Surge
Shiba Inu is currently trading at $0.00001882, continuing its notable upward momentum. A sharp increase in trading volume—up by 157.08%—signaled heightened investor interest. As SHIB gained traction, a visible short-term uptrend emerged, further reinforced by recent price levels and technical indicators.
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