Technical Analysis: SHIB Climbs 50% Higher, as Meme Coin Hits $16 Billion Market Cap – Market Updates Bitcoin News

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Shiba-Inu (SHIB) is up over 50% as of writing, with cryptocurrency markets continuing to gain momentum to start the week.

was today’s bull of the day, and was up by 48% as of writing, hitting an intraday high of $0.00003484 in the process.

Today’s move has led to the 14-day RSI climbing by its most since October 29, when $SHIB traded at a now ATH of $0.00008894.As seen from the chart, prices now trade marginally over resistance of $0.00003374, which has been in price for the entirety of 2022 thus far.

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