SHIB Price Breaks Out Of Bearish Chart Pattern, Posting 24H Gains By CoinQuora

© Reuters. SHIB Price Breaks Out Of Bearish Chart Pattern, Posting 24H Gains

• The popular meme token, Shiba Inu (SHIB), has risen slightly in the last 24 hours.
• SHIB has broken out of a classic bearish chart pattern called a descending triangle.
• The RSI is also above the RSI SMA line which signals that SHIB has turned slightly bullish on the 3 hour timeframe.

The popular meme token, Shiba Inu (SHIB), has risen slightly in the last 24 hours to $0.00001181, according to CoinMarketCap.

SHIB’s price is still down in the last 7 days, however, dropping by around 3.79%. The 24 hour price movement of SHIB may be a temporary break in pattern from the trend seen over the last week for the meme token.

SHIB’s price has also strengthened against Bitcoin (BTC) and Ethereum (ETH) in the last 24 hours by around 1.28% and 1.71% respectively at the time of writing (10:45 GMT + 2). Currently, SHIB is worth approximately 0.000000000401 BTC and 0.000000005972 ETH.

Ranked number 16 on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, SHIB’s market cap currently stands at $6,487,193,411. The daily trading volume of SHIB has fa ...

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