Shiba

Pepe

Shiba Inu

Coin

<ul class="wp-block-list news-points"> 
 <li>Shiba Inu’s 5.20% surge reflects renewed interest in speculative assets amid a broader crypto market rally.</li> 
 <li>SHIB’s bullish momentum may continue if it breaks the $0.00001383 resistance, entering new price territory.</li> 
 <li>Despite SHIB’s upward trend, RSI and MACD suggest caution as the asset nears oversold territory with potential short-term dips.</li> 
</ul> 
<a href="https://coinedition.com/shiba-inu-leverages-shibarium-l2-for-ecosystem-expansion/?utm_source=telegram_channel&amp;utm_medium=referral">Shiba Inu </a>(SHIB), a popular meme cryptocurrency, has recently seen a notable price increase of 5.20%, currently priced at<a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="nofollow"> $0.00001383</a> signaling renewed interest in speculative digital assets. The surge mirrors the broader crypto market, which is currently having a strong green day, with many cryptocurrencies showing positive momentum. 
Among these gainers, other well-known meme coins like Dogecoin (DOGE) and Pepe (PEPE) are also seeing significant gains. The market’s overall positive mood hints that investors are once again turning to riskier assets, particularly those with high speculative appeal. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="512" height="228" src="https://coinedition.com/wp-content/uploads/2024/08/ii-1.png" alt="" class="wp-image-469508" srcset="https://coinedition.com/wp-content/uploads/2024/08/ii-1.png 512w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-300x134.png 300w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-380x169.png 380w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-159x71.png 159w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-440x196.png 440w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-414x184.png 414w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-326x145.png 326w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-377x168.png 377w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-123x55.png 123w, https://coinedition.com/wp-content/uploads/2024/08/ii-1-129x57.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://cryptorank.io/heatmaps" target="_blank" rel="nofollow">CryptoRank</a>
 </figcaption>
</figure> 
The recent rally in Shiba Inu’s price is supported by key technical indicators that point to potential continued upward movement. A closer look at the price chart reveals that SHIB has broken out from …
The post <a href="https://coinedition.com/shiba-inu-rallies-as-crypto-market-shows-signs-of-recovery/">Shiba Inu Rallies As Crypto Market Shows Signs of Recovery</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Rallies As Crypto Market Shows Signs of Recovery

Coin Edition

Other articles published on Aug 20, 2024

Russell Simmons Net Worth: A Comprehensive Overview

Breaking: OpenAI Rolls Out Major Fine-Tuning Upgrade For GPT-4o

Grass Token Airdrop Requires Users to Quickly Link Wallet Before August 23

Breakout Alert! Dogwifhat Price Set to Skyrocket

Top Tap-to-Earn Games to Play in 2024

Tether Launches USDT on Aptos, Offering ‘Fraction-of-a-Penny’ Transaction Fees

Join our free newsletter for daily crypto updates!