Biggest Movers: SHIB, XMR Extend Recent Gains on Monday – Market Updates Bitcoin News

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SHIB continues to move away from 6-month low, as it surges for third straight day.

Today’s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions.Shiba inu was in the green to start the week, as the meme coin rose for a third consecutive session.

Following a low of $0.00000848 on Sunday, SHIB/USD surged to an intraday high of $0.00000875 earlier today. The move saw the token continue to climb away from last week’s low of $0.00000800, which was its weakest point since June.Looking at the chart, SHIB has somewhat retreated from earlier highs, as price uncertainty increased, as the coin edged closer to a key resistance level.

As of writing, shiba inu is trading at $0.000008684, which is below today’s top, and below a ceiling of $0.000008800. This comes as the relative strength index collided with, but failed to break out of, its own resistance point at the 43.00 mark.

 

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Arunasgk012 Crypto price is created by exchanges matching buyers and sellers who want to express their opinion about price through trades continuously around-the-clock, 365 days a year. This is how price is determined—by an agreement on perceived value at a particular moment in time

sure shib will 0

Has the myriad of social media posts regarding the new date of the possible launch of the highly anticipated Shibarium had something to do with it?

Still doesn’t look so good.

Oo no

I think even if it goes up, it's still a risky currency that scares me. To get in and buy it, I would have to have enough money myself to do so.

It's a feisty one!

Surged in what way? It hasn't even recovered the losses from the candle 3 days ago.

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