SHIB continues to move away from 6-month low, as it surges for third straight day.
Today’s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions.Shiba inu was in the green to start the week, as the meme coin rose for a third consecutive session.
Following a low of $0.00000848 on Sunday, SHIB/USD surged to an intraday high of $0.00000875 earlier today. The move saw the token continue to climb away from last week’s low of $0.00000800, which was its weakest point since June.Looking at the chart, SHIB has somewhat retreated from earlier highs, as price uncertainty increased, as the coin edged closer to a key resistance level.
As of writing, shiba inu is trading at $0.000008684, which is below today’s top, and below a ceiling of $0.000008800. This comes as the relative strength index collided with, but failed to break out of, its own resistance point at the 43.00 mark.
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