Shiba Inu (SHIB) rose by 3.3% to $0.056521, outperforming Bitcoin and Ethereum with respective gains of 3.3% and 3.2%. The token traded within a narrow range, with support at $0.056186 and resistance at $0.056545, indicating strong intraday demand.
Technical indicators showed bullish momentum, with the Relative Strength Index (RSI) nearing overbought levels at 75.99 and the Moving Average Convergence Divergence (MACD) line above the signal line. Despite resistance pressure, SHIB's price remained close to the upper market range, suggesting continued buying interest.
Shiba Inu Gains 3.3% Amid Bullish Technical Indicators
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