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Zenger
Zenger
Melanie Schaffer

Shiba Inu Climbs Higher, Outpaces Dogecoin

Shiba Inu Dogecoin Exchange
In this photo illustration a Shiba Inu coin logo seen displayed on a smartphone screen and an Exchange graph on a MacBook screen in Athens, Greece on June 2, 2023. Shiba Inu gained about 2% during the 24-hour trading period on Thursday, outperforming Dogecoin, which was fighting to maintain a level price after being under pressure to decline earlier in the session. NIKOLAS KOKOVLIS/NURPHOTO/GETTY IMAGES

Shiba Inu climbed almost 2% higher during Thursday’s 24-hour trading session, showing strength compared to Dogecoin, which was struggling to trade flat after being pressured downwards earlier in the session. 

The crypto, dubbed the “Dogecoin Killer,” was moving higher on lower-than-average volume, which suggests consolidation. Shiba Inu was also working to form an inside bar pattern. 

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