The best performing cryptocurrencies are either above or below the moving average lines. Altcoins above the moving average lines tend to return to their previous highs.
The price of Shiba Inu (SHIB) has rebounded after rising above the moving average lines. SHIB rose above the current support level of $0.00001300 several times as positive momentum returned.
The price of Shiba Inu (SHIB) is steadily falling below the moving average lines, reaching a low of $0.00001079 on August 5. Nevertheless, the price indicator points to a further decline to a low of $0.00000884.
The price of Shiba Inu (SHIB) has recovered but is currently trading between the moving average lines. The cryptocurrency is recovering from its low of $0.00001079.