Shiba Inu (SHIB) Eyes Breakout Amid Market RecoveryShiba Inu (SHIB) Eyes Breakout Amid Market Recovery, the second-largest meme coin, might be ready for a breakout. SHIB is 79.01% below its all-time high of $0.00008845 and is currently trading at $0.000019. It is trapped between $0.000011 and $0.000020. A target of $0.00008614 is predicted by an expert, implying a possible fourfold growth.
Dogecoin (DOGE), on the other hand, has increased 10.54% in the last day to $0.1279 and now has a $18.73 billion market capitalization. With a market valuation of $11.21 billion, SHIB is ranked 13th out of all digital assets. Moreover, DOGE has increased 24.49% in the last 30 days.
Current Market Sentiment for Shiba Inu (SHIB)
Relative Strength Index (RSI) at 62.75 on the TradingView chart indicates that bulls are still in charge of the price of SHIB and that demand is still high. The slope points to growing accumulation, however because of the low trading volumes, SHIB's positive momentum has slightly decreased.
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