Noorr
07/16 11:47
Since the announcement, the Shiba Inu (SHIB) price has gained 5% in the last 24 hours. As of now, the token is priced at $0.00001360, a week-on-week increase of 15%. CoinGlass data shows that open interest increased 15%, all the way up to a value of $232.45 million, a bullish indication of increasing trader confidence.
The surge is consistent with the technical trends on the SHIB/USD daily chart. Since the latter part of June, the price has maintained a rising bias, slowly overcoming resistance areas.
Shiba Inu is now above the EMA-20 and EMA-50 levels, indicating robust support and near-term positive momentum. The EMA-200, which is considered a long-term resistance, is still above the current price. Success above this level could trigger additional gains.
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