Shiba Inu, one of the largest meme coins, shows significant growth. Despite a temporary correction, this cryptocurrency reaches new heights, highlighting the popularity of meme coins.
Shiba Inu Price: Rises and Corrections
Shiba Inu rose 14% over the last week, despite a 2% dip in the last 24 hours, trading at $0.00002965. Yesterday, the price reached a six-month high of $0.000030, signaling recovery after a brief correction. On a monthly chart, SHIB increased by 67%.
Shiba Inu Market Outlook
Signs point to a potential recovery for Shiba Inu: widening Bollinger bands indicate a bullish trend. Although the Relative Strength Index (RSI) dropped to 30, suggesting active purchases by traders, many are watching closely for a market recovery to hit resistance levels at $0.000032 and $0.000033.
A New Alternative: Pepe Unchained
While Shiba Inu draws attention, traders are also actively investing in the new meme coin Pepe Unchained. With its own blockchain, this cryptocurrency offers advantages over others, making it attractive for everyday use. Before the ICO ends, PEPU has already generated significant market interest.
Shiba Inu continues to draw interest due to its recent achievements. Meanwhile, Pepe Unchained represents a promising new alternative in the meme coin world, which could significantly alter market dynamics.
