Crypto
SHIB's 40% Price Surge Fizzles Below 100-Day EMA
The price of SHIB rose by approximately 40%, but this upward momentum faltered after reaching below its 100-day EMA.
This surge in value started with a significant increase in trading volume, about 12 times the usual amount. However, once sales pressure set in, the pace slowed down.
The current support for SHIB stands at $0.00000448, while resistance has re-emerged at $0.00000503. The Relative Strength Index (RSI) indicator is now hovering near neutral territory.