The various developments in the Shiba Inu ecosystem have aligned very well with the market movement. As soon as Bitcoin started (moving) up since September 26, Shiba inu started rising shoulder to shoulder. In the last two days, Shib has surged over 45%. But why is it (falling)now, letâs analyze.
The Surge in Shiba Inu Price
On September 25, #Shiba was trading at $0.00001503 and as soon as Bitcoin started the uptrend, Shiba also took the support of moving average 50 and started to surge, as per hourly shib chart. It reached a peak at $0.00002169 before plummeting 8%. The fall price received support from the 20 hourly moving average.
