Shiba Inu (SHIB) is displaying a bullish combo on the medium-term timeframe, with a weekly RSI holding above 52 and a strong bullish divergence indicating exhausted selling pressure. The token ranks 30th worldwide with a market capitalization of $3.47 billion and a price of $0.0000059. Two strategic targets are mapped: a test of the 50-week MA at $3.73 billion market cap, and a move toward the 200-week MA near $0.00001217 with a target market cap of $7.14 billion. If this scenario plays out, SHIB could climb to the 16th-17th position globally, overtaking Litecoin, Uniswap, and NEAR Protocol, and remove one zero from its current price.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
