$SHIB finally sees some action from investors as the token's value is on the rise along with the rest of the market
profitability tumbled to 13%, making it one of the least profitable assets across the whole industry. Luckily, the market hit the recovery pedal and has gained around 7% to its capitalization, pushing bullish sentiment back on the crypto trading community.
According to the composition of indicators on analytical boards like IntoTheBlock, Shiba Inu's performance is relatively neutral and is not yet showing any signs of an extremely strong recovery as we saw on assets like Lido or ZIL.From a technical perspective, Shiba Inu has just reached the first resistance level on the chart, reflected in the 50-day moving average.
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