SHIB rebounded strongly by 2%, is now the best time to invest?

In the past 24 hours, SHIB (Shiba Inu Coin) has gained a strong 2.5% to reach the $0.00001852 price level. This happened against the backdrop of a 0.5% rise in the overall cryptocurrency market.

While this rise is encouraging, it’s worth noting that the meme token is down 16.5% in the past week and 28% in two weeks. However, looking at the long-term trend, SHIB has still managed a staggering 155% gain over the past year.

Despite some recent setbacks, SHIB's long-term growth momentum still allows investors to see a buying opportunity. As the market gradually stabilizes and rebounds, Shiba Inu Coin, as one of the most powerful meme tokens on the market, is expected to see significant gains in the future.

After a tough two weeks, SHIB appears to be bouncing back, showing positive signs along with other digital currencies. Today’s price gains mean its Relative Strength Index (RSI, purple line) has climbed above 50, up from around 20 on Monday, showing strong upside momentum.

Meanwhile, SHIB's 30-day moving average (orange line) reached a new low yesterday relative to its 200-day moving average (blue line), but now appears to be gradually recovering. This trend further validates the view that SHIB is about to usher in a strong rebound.

SHIB's recent decline has bottomed out, so it's poised for strong returns in the coming days. Its 24-hour trading volume has also increased from less than $200 million at the beginning of this week to $500 million today, indicating that investors are returning to SHIB, a token that has underperformed recently but has great potential.

SHIB deserves such attention because it has some of the strongest fundamentals of meme coins. Over the years, the Shiba Inu Coin team has been committed to building a complete ecosystem, from the ShibaSwap decentralized trading platform to the Shibarium second-layer network, to the privacy-enhancing third-layer network that will be launched in the next few months. Its determination to continuously innovate. In addition, founder Shytoshi Kusama also revealed celebrity-related product plans, which undoubtedly adds more highlights to SHIB’s future. #SHIBUSDT $SHIB #热门趋势 #热点话题 #BTC走势分析