Shiba Inu Stunned by 114% Bulls and Bears Imbalance: Details

Key Points

1. IntoTheBlock data reveals 77 bulls and 67 bears for Shiba Inu, a 114% imbalance, with SHIB up 2.86% in the last 24 hours to $0.00001294.

2. Shiba Inu rebounded from a low of $0.0000116 on Aug. 2 and is now trading above the daily SMA 50 at $0.00001272, with the next major barrier at the daily SMA 200 at $0.00001371.

3. A golden cross formed on Shiba Inu's hourly chart, a bullish indicator, suggesting potential for further price increases, possibly targeting $0.000016 and $0.000018 levels.

4. The daily RSI is flat at the 50 midpoint, indicating the likelihood of consolidation in the near term.