Shiba Inu

<ul><li>The price of SHIB has risen over the last 24 hours according to CoinMarketCap.</li><li>SHIB’s price was able to break above the 61.8% Fib level.</li><li>There may be some short-term sell pressure that will delay SHIB’s recovery.</li></ul>The price of the second largest meme token by market cap, <a href="https://coinedition.com/tag/Shiba-Inu-SHIB/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, has risen 2.26% over the last 24 hours according to CoinMarketCap. Despite the 24-hour gain, SHIB’s price performance is still in the red at -13.97% over the last week. As a result, the price of SHIB stands at $0.00001285.This comes after <a href="https://coinedition.com/shiba-inu-shib-price-prediction/" rel="noopener noreferrer nofollow">SHIB’s price</a> broke above the 61.8% Fib level at $0.00001269. The break above this level may be short-lived, however, given the bearish structure currently indicated by the RSI indicator on SHIB’s chart. This suggests that SHIB’s price could retest the 50% Fib level at $0.00001175 in the coming days.<a href="https://coinedition.com/shibs-break-above-the-0-00001269-level-may-be-short-lived/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

SHIB’s Break Above the $0.00001269 Level May Be Short-Lived

Coin Edition

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