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Shib, which ranks 12th behind Bitcoin with a market value of $17.4 billion, has bounced back after 15 days of dropping. Shib's recovery streak began when it started gaining alongside Bitcoin, going up for five days straight. Yesterday, it opened at $0.00002807 and closed at $0.00002870, showing a 2.24% increase. Today, Shib is still climbing and is currently trading at $0.00002956, up by 3.00%.
Shib started falling after reaching its highest point this year at $0.00004567. However, it's been on an upward trend for the past five days. Looking at the chart, Shib has crossed above the EMA again, which is good news for its price.
If the weekly closing stays above the moving average, the first hurdle to overcome is at $0.00003591. Further gains could target $0.00004567. In case of selling pressure, the daily support levels to watch are EMA5 ($0.00002842) and EMA21 ($0.00002723).
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