Shiba Inu ecosystem tokens SHIB, BONE, and LEASH have seen notable price movements, capturing investor and analyst interest. In a recent X post, Shiba Inu marketer Lucie highlighted that these tokens showed significant gains in the past 24 hours. As per her post, SHIB has led the charge with 15.93% surge, while BONE and LEASH experienced significant hikes of 12.15% and 11.69%, respectively.
Shiba Inu (SHIB) has shown a great come-back from several recent market losses and is ranked among the foremost tokens that benefited from the latest market upturn. SHIB’s price directly correlates with its appreciation following the movement of Bitcoin.
As of press time, SHIB is trading at $0.00001362, showing an 11.44% increase in the past day. The analysis shows SHIB trades within a descending wedge pattern, indicating a broader downward trend. However, with the 50-day Exponential Moving Average (EMA) at $0.00000813 and the 200-day EMA at $0.00000967 above the current price, the bearish trend emerges.
According to CoinMarketCap data, BONE, another token in the Shiba Inu ecosystem, has experienced a significant 7.9% surge in the past 24 hours, reaching a trading price of $0.4114. This surge has propelled BONE above its 50-day EMA, indicating a bullish short-term outlook. Additionally, the Relative Strength Index (RSI) for BONE stands at a moderately high 60, suggesting sustained buying interest and potential for further growth.
The immediate support for BONE is $0.3800, with resistance at $0.4500. The price and trading volume increase highlight a growing interest in BONE. If BONE continues its momentum and surpasses the $0.4500 resistance, further price increases are possible.
As of the reporting time, Doge Killer (LEASH) is trading at $287.55, reflecting a 7.69% increase over the past 24 hours. The 50-day EMA is currently at the upper end, indicating a bullish rally, while the support level for LEASH is established at $270 and the resistance level at $310.
The relative strength index (RSI) for LEASH is approximately 70, indicating a strong buying signal that could experience a pullback. If LEASH surpasses the $310 resistance, the price may continue to rise.
While Shiba Inu tokens such as SHIB, BONE, and LEASH embrace the resurgence of the Shiba Inu ecosystem, traders exercise caution. Despite recent upward movements, SHIB reflects a bearish trend, whereas BONE and LEASH still exhibit short-term bullish signals.
