Shiba Inu sees surge of activity, but it is still not on same level as before
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Bitcoin Can Hit $75,000, Here's How, Another XRP Reversal Attempt, Dogecoin to Test out $0.13 Again, But There's CatchThe price of SHIB has not changed much in spite of the increased activity on the chain. With the price currently circling around $0.00001709, the chart indicates that SHIB has been finding it difficult to sustain its upward momentum.must break through resistance levels represented by the 26-day, 50-day and 200-day EMAs.
The Bulls and Bears indicator depicts a fight between buyers and sellers that is almost evenly balanced with a small advantage to the bears. This suggests the market as a whole is still cautious about SHIB's short-term performance and is unlikely to turn into buying in the foreseeable future.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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