Shiba Inu Facing Tough Hurdles For Weeks – How Could SHIB Overcome These?

Shiba Inu (SHIB) momentarily moved out of its bearish streak that’s been going for the past few weeks on October 25 when the crypto market made a rally to reclaim the $1 trillion market cap turf. SHIB went up by 10% since October 25 before its recent price correction Shiba Inu lost 2% of its value over the last 24 hours The crypto is still up by almost 8% for the past week In doing so, the Dogecoin spin-off crypto managed to upend weeks of being in a downward trend that’s been very brutal to the 14th ranked cryptocurrency in terms of market capitalization. SHIB, however, wasn’t able to sustain its upward trajectory as it once again made a step back for the past 24 hours. At press time, according to tracking from Coingecko, Shiba Inu is trading at $0.00001070. It’s been down by 2% over the last day but is still up by 7.9% for the past week. Shiba Inu Price Chart Hints At Another Price Correction SHIB’s 12-hour chart shows price trend is swinging sideways and there is no definite consolidation on a bullish region. Source: TradingView The altcoin did manage to increase by up to 10% since October 25 but has suffered price correction over the last few hours. Its Relative Strength Index (RSI) was leaning towards a bullish movement during that time but the current price movement says otherwise. If Shiba Inu fails to rebound from this minor price dump, the crypto might find itself on a downward movement o...