#shiba #binance

Shiba Inu is really on the rise right now! According to Binance, the price of SHIB has increased by 32.56% in the last 24 hours ¹. In addition, CoinMarketCap also shows a 43.97% increase in the price of SHIB in the last few days ².

But does this mean that Shiba Inu will continue to rise? It is difficult to predict for sure, but some technical analysts are optimistic. They point out that SHIB is in an uptrend, with the 50-day moving average trending upwards ¹.

*Key Indicators to Watch:*

- _Resistance Level:_ $0.00002795 - if SHIB breaks this level, there could be a further rise ¹

- _Support Level:_ $0.00002507 - if SHIB falls below this level, there could be a deeper correction ¹

- _Relative Strength Index (RSI):_ currently above the neutral 30-70 zone, indicating an overbought trend ¹

Keep in mind that the cryptocurrency market is very volatile and unpredictable. It is always important to do your own research and consider carefully before investing.