Shiba Inu (SHIB) exhibits minor market changes but has growth potential. Important technical indicators and activity from major holders are noted.
Current SHIB Price Trends and Trading Activity
Over the past week, the price of Shiba Inu has risen by 0.68% despite volatility. Technical indicators suggest that SHIB could overcome price fluctuations if the golden cross is validated. According to data, the 9-day and 26-day moving averages for SHIB are close to crossing, signaling a potential price rally.
In the last 24 hours, SHIB's price ranged from $0.00001265 to $0.00001363. As of press time, the price was $0.00001300, down by 4.34%. Trading volume increased by 1.31%, totaling $357.47 million.
SHIB Community Optimism for the Future
The Shiba Inu community remains optimistic about future valuations. According to Lucie, the marketing lead for Shiba Inu, "better days are ahead" for the cryptocurrency. Analysts noted that recent price fluctuations were attributed to whale activity, with large holders engaging in significant SHIB transfers.
Potential of Golden Cross for SHIB Growth
If the golden cross is confirmed, it could lead to substantial price increases for SHIB. Currently, the Relative Strength Index (RSI) stands at 45.49, indicating room for growth. If validated, the price may reach $0.00001330 and potentially remove a zero from the price.
Despite current fluctuations, Shiba Inu has the potential for recovery and price growth in the near future. Community optimism and technical signals create a basis for possible positive dynamics.
