Shiba Inu (SHIB)
Key points:
At press time, SHIB was trading at $0.00002428.
Altcoin recorded a double-digit loss of 15.92% over the past week.
What you should know:
The dog-themed memecoin, SHIB, mirrored the broader market trend, trading at $0.00002428 after a 6.03% decline over the last 24 hours, making it one of the biggest losers in this period. This bearish momentum can be underscored by the RSI, with the same falling below the neutral 50-mark. A potential shift in momentum could occur if buyers push the price above the resistance at $0.00002593. However, a drop below the key support at $0.00002281 might trigger a further correction. Traders should closely monitor volume changes for clearer trend signals.
