Shiba Inu (SHIB) has risen by 1% in the past 24 hours, reaching $0.00001123. This modest rise comes on the back of a similar movement for the cryptocurrency market as a whole, with prices correcting upwards a little after arguably excessive pessimism earlier in the week.
The current SHIB price represents a 3% jump in the last seven days, with the altcoin down by 8% in the past month. However, with SHIB's technical indicators signaling that it's oversold and undervalued, there's every chance that its movement this morning could be the beginning of a fresh rally.
Shiba Inu Price Prediction
In contrast to other major coins, SHIB is actually up over the past 12 months, having recorded a 60% increase (according to CoinGecko). On the other hand, it's down by 87% from its October 2021 all-time high of $0.00008616, although this percentage is completely in line with pullbacks seen by other major cryptocurrencies.
SHIB's indicators suggest its recent downswing is about to turn into an...
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