SHIB Leapfrogs DOGE, PEPE, BONK, Soars 55% In 24 Hours
Release: 2024/03/02 14:49 Reading: 460
- SHIB’s flat price action broke out and flipped the minor resistance at $0.00001345.
- The 4-hour chart indicated that SHIB’s rise has not been stopped by any bearish candlestick.
- Bullish momentum and high volatility could fuel SHIB’s increase toward $0.000030.
Shiba Inu (SHIB), the dog-themed meme coin skyrocketed by 55% in the last 24 hours, data from CoinMarketCap showed. SHIB’s price at press time was $0.00002001 while its trading volume jumped above $4 billion.
The price increase and soaring volume implied that demand for the token has been increasing. Previously, meme coins like Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK) registered the highest price jump in the category.
Is the Local Top Close?
According to on-chain analysis tool ‘Santiment’, capital has been rotating into Shiba Inu’s ecosystem. Beyond that, Santiment posted that social dominance around SHIB, and these other meme coins have been incredible.
The post SHIB Leapfrogs DOGE, PEPE, BONK, Soars 55% In 24 Hours appeared first on Coin Edition.
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