SHIB spikes over 60% in a week; What next?
Shiba Inu (SHIB) is among the standout cryptocurrencies in the ongoing market rally. The meme coin has broken into the top 10 digital assets by market capitalization. At press time, SHIB was valued at $0.00002778, up almost 7% in the last 24 hours. On the weekly chart, the token has rallied by 62% amid sustained buying pressure, pushing its market cap to $16.80 billion. SHIB seven-day price chart. Source: Finbold What next for SHIB? Technical indicators suggest that SHIB will likely sustain the current momentum in both the short and long term. The token’s valuation currently stands above the 50-day and 200-day moving averages. Picks for you Will XRP finally hit $1 during the current bully cycle? 1 hour ago Fake New...