Shiba Inu (SHIB) momentarily moved out of its bearish streak that’s been going for the past few weeks on October 25 when the crypto market made a rally to reclaim the $1 trillion market cap turf. SHIB went up by 10% since October 25 before its recent price correction Shiba Inu lost 2% of its value over the last 24 hours The crypto is still up by almost 8% for the past week In doing so, the Dogecoin spin-off crypto managed to upend weeks of being in a downward trend that’s been very brutal to the 14th ranked cryptocurrency in terms of market capitalization. SHIB, however, wasn’t able to sustain its upward trajectory as it once again made a step back for the past 24 hours. At press time, according to tracking from Coingecko, Shiba Inu is trading at $0.00001070. It’s been down by 2% over the last day but is still up by 7.9% for the past week. Shiba Inu Price Chart Hints At Another Price Correction SHIB’s 12-hour chart shows price trend is swinging sideways and there is no definite consolidation on a bullish region. Source: TradingView The altcoin did manage to increase by up to 10% since October 25 but has suffered price correction over the last few hours. Its Relative Strength Index (RSI) was leaning towards a bullish movement during that time but the current price movement says otherwise. If Shiba Inu fails to rebound from this minor price dump, the crypto might find itself on a downward movement o...
