Shiba Inu (SHIB) Maintains Resilience Above $0.00003 Amid Market Enthusiasm
In a surprising turn of events, Shiba Inu (SHIB) has preserved its resilience above the $0.00003 resistance level, capitalizing on a blend of its fundamentals and the broader market buzz.
Shiba Inu aims to obliterate yet another zero, marking the next pivotal target embraced by bullish traders, a mission that appears achievable given its remarkable surge of over 60% during the current week (WTD).
As of the writing of this report, Shiba Inu’s ownership has been exchanged at $0.00003505, reflecting a 4.05% increase over the past 24 hours.
Price metrics have revealed intriguing trends over the past week, with Shiba Inu rising from its lowest point at $0.00001998 on March 3 to its peak at $0.00004533 on March 5. This surge aligns with Bitcoin’s ascent to its recent all-time high.
The price reversal for Shiba Inu acted as an unforeseen response to an unprecedented selling activity, enabling most long-term HODLers to reap profits as the coin reached levels not witnessed in two years.
Shiba Inu’s price succumbs to an intriguing buying trend evident through a remarkable 36% jump in trading volume, reaching $4,796,986,307.
Zeroing in on Another Milestone
For Shiba Inu, its growth has been halted for an extended period, last witnessed in January 2022. However, the ambitious SHIB Army has a loftier goal in mind. The community aspires to propel SHIB to trade at $0.0001, marking a new all-time high surpassing the previous reading of $0.00008845.
Read more SHIBA Inu Army’s Vigorous Campaign for BONE Listing on Binance Highlights Strong Community Support
With many analysts anticipating a significant upswing in the current bullish market cycle and the positive developments it brings to alternative currencies, Shiba Inu is poised to capitalize on these external fundamentals to reach unprecedented levels.
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