
Shiba Inu token rose 6% on Monday amid listing on exchanges
The Shiba Inu team will be giving a talk on the Metaverse project on December 5th.
Cryptocurrencies face rejection at 50-day moving average
Shiba Inu (SHIB/USD) fell slightly after gaining more than 6% on Monday. It happens even though Shiba Inu continues to be listed on major exchanges.The latest is the listing by Bitcastle Exchange. SHINB joins other altcoins Dogecoin, Solana and XRP on Bitcastle.
of cryptocurrency news Another one followed at the end of November. Its New York-based Uphold will support Bone ShibaSwap. BONE is particularly important to the Shiba Inu ecosystem. This allows members to vote on new project proposals. Earlier, India-based platform SunCrypto also announced support for Shiba Inu governance his token. This support has increased trading volumes and already increased the popularity of the token.
If you’re wondering why there’s so much social interest in BONE, here’s the answer: The Shiba community continues to wait for updates to Shibarium. This sees the move from his ERC-20 token on Ethereum to an independent network. Once Shiba Inu is no longer dependent on Ethereum, the price of the native token is expected to rise. So the investor is adding his BONE in anticipation of a boom when the upgrade happens.
Shiba Inu’s Metaverse is another long-awaited development. On December 5th, Shiba Inu will present the Metaverse project at the Immerse Global Summit. The summit will feature top companies such as Meta, Microsoft and Walmart. The Shiba Inu community will want to take a peek at what the conference holds regarding the Metaverse dream. But how bullish is SHIB after its recent rally?
SHB Shifts Above RSI Midpoint
The RSI has risen above the neutral 50 as buyers pushed the price of the token higher. The meme cryptocurrency also rebounded above his 20-day moving average.
However, given the outlook for the daily chart, the bulls find it difficult to break the 50-day MA barrier. The rejection is confirmed by a slight correction when the price of SHIB surges.
What’s next for SHIB?
SHIB Price While bullish momentum may be available, buyers will need to break the 50-day moving average wall first. The established resistance for the cryptocurrency is $0.000012.
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