SHIB looks ready for price move, here might be potential factors ShibArmy SHIBCommunity $SHIB
wrote,"Whatever side of the fence you are on with meme coins like DOGE and SHIB, there is no denying that they have had their pump moments. Shiba Inu has historically followed Dogecoin pumps."
True to form, after Dogecoin slightly cooled off, Shiba Inu embarked on a run alongside it, reaching highs of $0.0000151 on Oct. 29. Also, SHIB subsequently gained strength on its Dogecoin pairing. Currently, Dogecoin is rallying 10% in the last 24 hours and 40% in the past week. If history repeats itself, SHIB could see a major price move as soon as Dogecoin cools down. At the time of publication, SHIB was trading up 2.37% at $0.00000922, while it is up 11.17% on the weekly timeframe.In addition, the SHIB price remains in a consolidation phase, which usually foreshadows its main price moves. Since Nov. 16, the SHIB price has remained in a range with its barrier and support at $0.
The daily RSI is tilting slightly upward, suggesting an imminent move; however, because this indicator remains below the neutral level of 50, the general picture remains one of consolidation or range trading.
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