SHIB Jumps 9.3% to $0.0000059 as Bitcoin Stability Fuels Memecoin Rotation
- —Price near $0.0000059, up 9.3% in 24 hours
- —RSI (14) at 60.2 signals momentum without extreme overbought conditions
- —MACD bullish cross confirmed, SMA-200 at $0.0000053 below price
- —Market cap $3.47B, down 14.66% year-to-date
Why it matters: The memecoin's rally reflects risk rotation after Bitcoin stabilized, but a 50% annual drawdown points to a still-weak structural backdrop.
Source: DiarioBitcoin