1
Shiba Inu crypto was up nearly 3.11% intraday and currently trades near $0.000033.
2
The relative strength index (RSI) indicator shows the crypto hovering in an overbought region.
The Shiba Inu crypto is hovering back and forth in recent sessions amid volatility. The crypto is trying to stabilize near the highs after a massive rise in the last couple of weeks.
Moreover, the 4-hour chart shows the formation of a descending triangle pattern. On the higher side, the price has taken multiple rejections from a trendline resistance and declined. On the lower side, a horizontal level of $0.0000299 has been acting as a demand and preventing the price from falling lower.
The breakout of the trendline resistance may validate the completion of a short term correction and the SHIB price may shoot to the new higher supply level. However, if the sellers to defend the highs and the crypto breaks below the recent demand zone. It may drop near the 20-Day
We współpracy z: https://www.thecoinrepublic.com/2024/03/14/shiba-inu-crypto-open-interest-spiked-can-shib-shoot-higher/
