Shiba Inu (SHIB) price continues to move in the same trend as Dogecoin but the asset is having problems sustaining its gains. In fact, earlier today, the crypto managed to register a 10.3% price pump over a 24-hour period as it traded for $0.00001342. But, according to latest tracking from Coingecko, SHIB entered a short-term price correction phase as it is now down by 3.3% on its intraday charts. At press time, it is trading at $0.00001252. Despite this, Shiba Inu is still sitting on a 22.3% increase over the last seven days and it has also tallied a 14% surge during the last 30 days. It is important to note that the time when the crypto made its recent price rally coincides with the time when Dogecoin managed to hit the $0.15 level for the first time since the month of April. This further supported the thesis stating that SHIB is riding the momentum of the hottest altcoin in the crypto space today. Related Reading: VeChain Notches 10% Weekly Gains – Time For Investors To Bet On VET? A Crucial Position for Shiba Inu To Hold While, SHIB’s ability to sustain price surges that are inspired by both Elon Musk and Dogecoin, some analysts believe that its recent upswings are not just one-time bursts and could be considered as indications of bullish trends. In fact, Shiba Inu is keeping its head above water as it stays above the immediate support level of $0.0000118. If it is able to maintain that and move on an upward trend, there i...
