Shiba

Rally

Shiba Inu

Coin

<ul class="news-points">
 <li>Shiba Inu’s price shows signs of recovery, up 4% in 24 hours.</li>
 <li>Trading volume has declined, suggesting decreased investor interest.</li>
 <li>SHIB faces resistance at $0.000021, a key level for further gains.</li>
</ul>
Shiba Inu (SHIB), the popular meme coin, has shown signs of recovery after a prolonged period of downward pressure, posting a 4% gain in the last 24 hours and holding above a crucial support level of $0.000018 after weeks of downward pressure.
Despite the recent price uptick, Shiba Inu’s 24-hour trading volume has dropped by 25.61% to $449,091,898. This decline in trading volume indicates that investor interest may be tapering off slightly.
<h2 class="wp-block-heading" id="h-shib-price-movement">SHIB Price Movement</h2>
Shiba Inu has maneuvered through a volatile trading environment characterized by swift price swings. According to TradingView, Shiba Inu experienced a short-lived rebound of around the $0.00003 level at the end of last month. However, it faced substantial resistance, resulting in the continuation of the downward trajectory that started from the $0.000045 mark in late Q2.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeUCX9pq3inEF57yHvkI4QOIA68rWmLSz3x9IbCEXiWIimSoKWZBGyPX8Mu_STwMPEe7y7nZC4nbsaPbKTlB2wh6rO8M_5BhUtDfhk0QLAn7jGnYk-JkUIYsES2M0jYMv8zw58FX4N2hpWCYL5bM4Kh_UVY?key=5fF0IJ8on46OvtXHCAplvw" alt="">
</figure>
SHIB/USD 1-Day Chart (Source: <a href="https://www.tradingview.com/x/Fcduw8Nu/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>)
In yesterday’s recovery, Shiba Inu’s price bounced back from a low of $0.000017…
The post <a href="https://coinedition.com/is-shiba-inus-rally-a-dead-cat-bounce-or-the-start-of-a-recovery/" rel="noopener noreferrer nofollow">Is Shiba Inu’s Rally a Dead Cat Bounce, or the Start of a Recovery?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Is Shiba Inu’s Rally a Dead Cat Bounce, or the Start of a Recovery?

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