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Shiba Inu (SHIB) has been moving downward in line with the broader market in recent weeks. However, recent developments in the Shiba ecosystem could lead to a price pump.
SHIB Price Action
Currently, Shiba Inu trades at $0.0000117. The digital asset’s price has decreased by 2.46% in the past 24 hours, a 0.5% increase in the past week.
The crypto asset is trading in line with the broader market, which has declined by 0.75% in the past 24 hours.
SHIB price dynamics indicate some weakened technicals. The crypto is trading below all its moving average (MA) indicators, especially the 10-day MA of $0.000012. SHIB’s negative moving average convergence divergence (MACD) also indicates a sell signal.
SHIB’s relative strength index (RSI) of 50.11 shows that the coin remains underbought.
Shiba Eternity Boosts SHIB’s Prospects
A significant source of...
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