1/13/2024 0 Comments Iota coinmarketcap![]() Recent Developments Fueling SHIB’s Momentum The recent collaboration between SHIB and renowned boxer Manny Pacquiao has sparked excitement within the community. On the hourly chart, increased buying pressure attempts to breach the resistance level at $0.00000900, supported by a climbing MACD indicator above the zero line and an RSI hovering at 56.86, signaling an impending breakout. The Money Flow Index (MFI) registers at 37.92, indicating an uptick in buying pressure. ![]() The Relative Strength Index (RSI) stands at 52, signaling bullish momentum, while the Moving Average Convergence Divergence (MACD) line moves positively, hinting at an uptrend. ![]() Technical Indicators and Price Analysis Examining the technical indicators unveils a favorable scenario. Support levels at $0.000007700 have effectively cushioned against substantial downturns, indicating a potential shift in momentum. Although facing a critical resistance at $0.00000900, the bullish momentum remains intact. The cryptocurrency has been making strides, marking higher highs and lows, currently hovering around $0.000008358. Shiba Inu’s Bullish Trajectory Analyzing the SHIB price trends reveals an optimistic picture. Ranked at #19 on CoinMarketCap, Shiba Inu boasts a live market cap of $4.93 billion, with a circulating supply of 589.35 trillion SHIB coins. The current price of SHIB stands at $0.000008358, showing a positive increase of 2.15% within the last 24 hours. SHIB has been on a remarkable journey, experiencing significant price fluctuations, forming strategic alliances, and witnessing impressive coin burns that have set the market abuzz. In recent months, the world of cryptocurrency has witnessed a meteoric rise in the value of Shiba Inu (SHIB), a digital asset that has captured the attention of investors and enthusiasts alike.
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