Shiba Inu (SHIB) Bulls Triumph in Bull-Bear Scuffle, Price Increases by 5.12%
Shiba Inu (SHIB) investors can breathe a sigh of relief as the cryptocurrency’s price increased by 5.12% to $0.00001129 at press time. This comes after a bull-bear scuffle that saw the price swing between an intraday high of $0.00001164 and an intraday low of $0.00001065, which is a 30-day low.
The positive trend has enhanced investor confidence, leading to a 4.48% increase in market capitalization to $6,200,302,747 and a 113.04% increase in 24-hour trading volume to $390,285,936. This surge suggests that the market is witnessing a substantial shift in attitude.
However, it remains to be seen whether the bullish influence will continue or if the bears will retake market control. Investors are advised to closely follow the market to assess whether this trend will continue or if a correction will occur.
SHIB/USD 1-day price chart shows that the cryptocurrency has been on a downward trend since the recent market meltdown. The positive trend is a welcome relief for SHIB investors who have been on edge.
The cryptocurrency market has been volatile in recent times, with many cryptocurrencies experiencing significant price swings. SHIB investors will be hoping that the positive trend continues and that the cryptocurrency can regain some of its lost value.
