Shiba Inu (SHIB) recently experienced a notable 2.7% price increase, reaching $0.000018, influenced by the US Federal Reserve's decision. Despite this positive price movement, the cryptocurrency's trading volumes remain underwhelming at 4.17 trillion SHIB, suggesting a potential short-lived spike.
Technical indicators point towards a developing death cross formation, a bearish signal that indicates the potential for a declining trend. This, combined with the stagnating trading volumes, implies the risk that the recent price surge might not sustain long-term upward momentum. Currently, SHIB's price sits at $0.00002008, with concerns over its ability to escape its current trading range.
Дереккөз: blockonomi.com ↗