Biggest Movers: SHIB Rebounds on Saturday, as ATOM Moves Away From 3-Week Low – Market Updates Bitcoin News

Cosmos was also higher, in what has mostly been a bearish start to the weekend. As of writing, the global crypto market cap is down 1.31%.Shiba inu was back in the green on Saturday, as the token rallied following three straight days of declines.

The world’s twelfth-largest cryptocurrency rose to an intraday peak of $0.00001397 to start the weekend. This came less than a day after prices of the meme coin were at a low of $0.00001270, which was below a key support point.Looking at the chart, this price floor was the $0.00001290 mark, however bulls resisted any further declines, pushing SHIB/USD back into the $0.00001300 region.

As of writing, the 14-day relative strength index is tracking at 52.13, which is marginally above a floor of 51.44. Should the index continue to climb, and move towards a ceiling of 58, then we may see SHIB move closer to $0.00001500.

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