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Shib’s Twitter account reveals that there will be a celebration for the launch of Shiba Eternity on October 6th. In addition, 30 winners of the Shiba Eternity 30-Second Video or Trailer Contest will be announced.
Shiba Eternity is a strategy card game where users can practice deckbuilding skills and engage in epic card battles.
Looking at the hourly SHIB/USDT chart, the SHIB is currently forming an ascending channel within a bullish pennant which indicates a distinct uptrend. Swing traders can trade between the support and resistance levels of a pattern, or in the direction of a breakout or breakout.
The hourly chart above shows that SHIB is trading above the 200 moving average, which means that SHIB has a chance to rise in price. The RSI SHIB/USDT is at 50.39 and the RSI line has a negative slope lower than the moving average, which means that the market is a few steps away from the actual upside.
SHIB/USDT hourly chart (Source: TradingView)
ADX SHIB is also shown in the chart above. The fact that SHIB is trading at $19.97 means that SHIB’s trading power is declining, demonstrating that SHIB could see a series of drops going forward.
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