Shiba Inu gets another exchange listing; this is how SHIB reacted

ambcrypto.com:

“When Shibarium?” has been the most frequently asked question among most Shiba Inu [SHIB] investors and supporters. The tease from Shiba Inu’s lead developer may make the answer to this question seem out of reach, yet the SHIB token is progressing.

Realistic or not, here’s SHIB’s market cap in BTC’s terms

Shiba Inu [SHIB] has been added to the list of tradable cryptocurrencies on the London-based BTCC exchange. The addition of SHIB to BTCC’s exchange was announced on 3 March, which will likely increase the number of options for trade available to the public.

By adding the SHIB token, BTCC demonstrates the growing interest in the dog-themed meme coin among major cryptocurrency trading platforms.

Binance recently announced the availability of the SHIB/USD trading pair. Additionally, well-known marketplaces like Coinbase and Bitstamp now provide trading support for the token.

A daily timeframe analysis of Shiba Inu revealed that the current development had not impacted it in any way. Instead, it persisted in the downward trend it had been on for the previous three days.

As of this writing, the token had lost approximately 1% and nearly 8% overall, over the last three days, trading at about $0.000011.

Source: TradingView

The asset has entered a bear trend, as seen by the location of the Relative Strength Index (RSI) line following the price decline.

A strong SHIB bear trend was evident by the RSI’s drop below the neutral line.

Although uncertain how long it would hold, the support line was around $0.000010. Around $0.000014 and 0.000015, there was resistance.

Furthermore, SHIB’s volume appeared to be declining. According to Santiment’s volume indicator, the volume decreased in February, suggesting fewer people interacted