Shiba Inu (SHIB) price has reached a 50-day price high, trading at $0.0000126 amid meme token mania continuing to take over the market.
With Elon Musk making waves in the crypto market as meme tokens are ruling Twitter, Dogecoin-killer Shiba Inu has seen a growth in price. Shiba Inu price appreciated by almost 53% in less than 14 days trading at a local high of $0.0000126 at press time.
Shiba Inu price blasts off
There have been continued signs of growth in the Shiba Inu price. A look at SHIB 1-day price chart suggested that it has been in an uptrend for almost 12 days now. On a weekly chart, Shiba Inu price was up by 20.73%.
While SHIB daily RSI was still hovering in the overbought zone, there were a few signs of the recent rally weakening as trade volumes had calmed down.
At press time, SHIB price traded at $0.00001205, charting close to 9.95% daily losses.
The recent rally made…
