SHIBA INU (SHIB): A Look at the Rise of the Coin In this article, we will explore the key aspects of SHIB and its recent performance in the market.🚀🚀🚀🚀🚀🚀🚀🚀🤑🤑🤑🤑🤑

SHIBA INU is an ERC-20 token based on the Ethereum network.

Here are some relevant facts about SHIB:

Current Price: SHIB price against USDT is 0.00001442 USDT, with a significant increase of +29.56% in the last 24 hours.Volatility: SHIB has experienced high volatility, with a high of 0.00001473 USDT and a low of 0.00000991 USDT in the same period.

Trading Volume: In the last 24 hours, 47,691,805,157,502.00 SHIB, equivalent to 610,497,979.99 USDT, have been traded.

Trend: The current trend shows strong bullish momentum, supported by the increase in price and trading volume.

Technical Indicators

Let's delve into some technical indicators:

RSI (Relative Strength Index):

The current RSI is 67.24, suggesting that SHIB is neither overbought nor oversold at the moment.

An RSI above 70 could indicate a downward correction, while an RSI below 30 could signal a possible recovery.

MACD (Moving Average Convergence/Divergence):

The MACD line (12.26.9) shows a positive value of 0.00000031, indicating an uptrend.

The MACD signal is also positive, supporting the bullish trend.

Bollinger Bands:

The current price of SHIB is near the upper band of the Bollinger Bands, suggesting continued bullish momentum.

Conclusion

SHIBA INU has proven to be more than just a joke. Its active community and growing adoption make it a coin to watch. However, remember that investing in cryptocurrencies carries risks, and you should always do your research and diversify before making financial decisions. Good luck on your crypto adventures! 🚀

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