Stock Groups

Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing -Breaking

[ad_1]


Dogecoin-inspired me cryptocurrency (SHIB), has emerged as one the most successful in both traditional and crypto market entry to the new weekly session. The price of its token has risen by 30% over the past week.

SHIB’s priceIt reached $0.00005155 Tuesday, after having bounced from technical support at $0.00003560 in the week before. Its rebound signaled a shift in trend, especially after the last week’s broader market sell-off, induced by concerns related to the new COVID-19 strain, dubbed Omicron.

Correlation between USDT/SHIB and daily chart of prices. TradingView
“SHIB” interest searches recover. Source: Google (NASDAQ) Trends

SHIB technical price chart

Daily price chart for SHIB/USDT with bull flag setup TradingView
The SHIB/USDT daily chart of the price includes a falling wedge pattern. TradingView