Shiba Inu (SHIB) has recently been on the rise again with a surge in trading volume and Shibarium activity. SHIB price reached a three-week high of $0.00001457 on September 19. The entire crypto market has been on the rise following the Fed’s interest rate cut decision. 📈

On-chain data suggests that SHIB price could rise in the short term. Massive trading volume increased by 122% in 24 hours to over $18 million. Shibarium’s daily trading volume and active accounts are also on the rise.

However, SHIB’s RSI indicator has entered the overbought territory, reaching the level of 70. This indicates that there may be a price drop in the short term. 🔍

Overall, developments in the SHIB and Shibarium ecosystem are promising.