I was following the Shiba Inu news and saw that there was an interesting bullish crossover on the 1H chart. The 23-period moving average rose above the 50, which usually indicates that sellers are getting tired. Nothing extraordinary, but it's worth keeping an eye on. The spot volume increased significantly in the last few hours, almost 20%, while outflows from exchanges are higher than inflows. This suggests that people are accumulating Shiba Inu at the low, which is a positive sign. The technical news is that if SHIB can maintain this MA above, we might see an attempt to recover toward 0.00000616. It's still expensive to leverage this asset, but spot holders seem confident. Let's see if this analysis of Shiba Inu confirms itself in the coming days.

SHIB-1.09%
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