510 Billion Shiba Inu (SHIB) Price Spikes Amidst Bullish Momentum

Shiba Inu’s price has experienced a notable surge in recent hours, adding over 510 billion tokens in high-volume trading activity. Following a brief dip below $0.0000127, SHIB is now trading at around $0.00001355. Over the past day, it has seen a rise of roughly 2.34%, currently encountering resistance near $0.00001458. This surge could be significant despite its slight increase as the asset remains in a downtrend when viewed over longer periods. However, the 50 EMA is flattening out and SHIB is forming higher lows, suggesting a potential waning of the downtrend. With a current RSI of 57, the price shows signs of bullishness but not yet overbought status.