Shiba Inu (SHIB) has started the week positively, in line with the broader crypto market. As the crypto asset displays improving fundamentals, what are the chances that its price could be on the upsurge again?
SHIB Price Action
SHIB currently trades at $0.0000104, up 0.97% in the past 24 hours. This price performance is in line with the broader markets, which have seen moderate gains today, up 1.1% overall.
SHIB’s technicals are also quite strong. The token is trading above its major moving average (MA) indicators; its 200-day MA stands at $0.0000103. SHIB’s positive moving average convergence divergence (MACD) indicates a buy signal, and its relative strength index (RSI) also demonstrates that it isn’t overbought.
Shiba Eternity Continues Its Dominant Run
One of the biggest catalysts of growth for SHIB at the moment is the Shiba Eternity game. The Web3 play-to-earn gaming platform debuted a few weeks ago and has since risen in the app store rankings.
According to reports, Shiba...
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