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The Shiba Inu price has surged 8% in the last 24 hours to trade at $0.0000261 as of 3:30 a.m. EST on a 12% jump in trading volume to $5.9 billion.
Shiba Inu Price May Encounter A Short Term Pullback
The SHIB/USD daily chart currently presents a cautiously bullish outlook. The 50-day Moving Average (blue line) is positioned around $0.00001883, while the 200-day Moving Average (green line) is near $0.00001832. A “Golden Cross” has formed, as the 50-day MA crossed above the 200-day SMA, typically signaling potential upward momentum and a bullish trend shift that often attracts buying interest.
A horizontal orange line at the $0.00001800 level highlights a support zone, which has served as a strong base for recent upward movements. The price recently surged after breaking out from this support and following the moving average crossover, reaching a high of $0.00002733 before slightly retracing to its current level of $0.00002572.
This pullback Indicates some profit-taking, yet with the price staying above both moving averages, the outlook remains bullish.
SHIBUSD Analysis Source: Dextools.io
The MACD (Moving Average Convergence Divergence) further reinforces this trend, with the MACD line at 0.0000085 positioned above the signal line at 0.0000135, indicating a bullish crossover and suggesting upward momentum may continue.
The RSI (Relative Strength Index) currently reads 70.53, approaching the overbought zone. While this high RSI level could signal a potential for a short-term pullback for the Shiba Inu price due to profit-taking, it could also reflect strong bullish sentiment if it stays elevated.
If bullish momentum persists, the next resistance target is the recent high of $0.00002733, with the potential for further gains toward $0.00003000.
However, caution is advised as the RSI approaches overbought levels, which may indicate a possible short-term correction. A drop below the $0.00001800 support level would challenge the bullish outlook.
Flockerz Presale Surges Past $1.75 Million – Best Crypto To Buy Now?
As the Shiba Inu price maintains its bullish stance, so does Flockerz (FLOCK), a vote-to-earn (V2E) project that has just crashed past $1.75 million in its presale.
Influential YouTuber ClayBro, who has over 131k subscribers, says FLOCK could be a 20x crypto.
Flockerz is a community-driven meme coin featuring an innovative Vote-to-Earn (V2E) reward system. By holding $FLOCK tokens, community members can earn additional tokens simply by participating in project-defining votes.
This decentralized governance model uniquely empowers the community, rewarding every vote with $FLOCK tokens.
In addition to voting rewards, investors can also stake their $FLOCK tokens and earn a massive 1,091% Annual Percentage Yield.
How it feels to make that first vote. 🤴👸 pic.twitter.com/AKL6MiC2WU
— Flockerz (@FlockerzToken) November 13, 2024
Interested investors can easily purchase $FLOCK through the official project website using ETH, BNB, USDT, or even a bank card.
Currently, $FLOCK tokens are priced at $0.0060049. To secure the best price before an upcoming hike in less than 23 hours, investors should grab them soon.
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