Shiba Inu’s (SHIB) price trades higher on Monday after the previous five sessions of downside momentum. SHIB opens lower but quickly rallied to the daily highs of $0.000027. To maintain the current upside momentum SHIB must defend the session’s low.
Shiba Inu (SHIB) trades higher on the first day of the fresh trading week.
Expect a 40% ascent from the current levels with the formation of an inverted hammer candlestick.
Momentum oscillators throw caution of any aggressive bids.
As of press time, SHIB/USD is trading at $0.000026, up 3.76% for the day. The 14th largest cryptocurrency by market cap held a 24-hour trading volume of $1,295,481,213 with more than 6% gains as per the CoinMarketCap.
According to the WhaleState reports, an anonymous Ethereum whale has added an additional 47 billion SHIB tokens with existing more than $100 million worth of Shiba Inu tokens. With this purchase become one of the largest holders among the token’s investors.
SHIB price seeks upside gains