The correction phase that started in November last year took a significant toll on SHIB token prices. The pair lost 65% of its value and plunged to $0.000031 support. However, the price is obtaining decent demand pressure from the bottom support, suggesting an upcoming rally. Moreover, recent news for this token is that Australia’s longest-running crypto exchange, ‘CoinJar,’ will be listed Shiba Inu with six other coins.
Key technical points:
The SHIB price crossing above the 20 and 100 EMA in the daily time frame chart
The daily RSI line approaching the neutral line from below
The 24-hour trading volume in the Shiba Inu coin is $1.56 Billion, indicating a 20.6% loss.
Source-Tradingview
As mentioned in my previous article on Shiba Inu, this pair plummeted to the crucial support of $0.000031 and entered a narrow consolidation. The token price has been resonating between $0.0000375 and this bottom support for more than three weeks.
On December 20, the coin price experienced in
We współpracy z: https://coingape.com/shib-price-analysis-new-year-rings-recovery-bell-shiba-inu/
