Shiba

Bitcoin

Resistance

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-price-surges-significantly" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Inu Price Surges Significantly</a><br></p>
<p style="text-align: justify">Shiba Inu (SHIB) has recorded an impressive price increase exceeding 64% within the last six days, marking its strongest weekly performance since February 2024. This surge aligns with <a href="https://en.bitcoinhaber.net/institutions-embrace-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> reaching new all-time highs and the overall cryptocurrency market capitalization nearing $2.915 trillion, approaching its previous record of $3.006 trillion from 2021.</p>
<h2 style="text-align: justify" id="strong-what-resistance-is-shib-facing-strong"><strong>What Resistance Is SHIB Facing?</strong></h2>
<p style="text-align: justify">At present, SHIB encounters a formidable resistance zone near $0.00002750. Despite a recent upward trend in price and volume, some traders have decided to take profits, leading to a brief pause in SHIB’s growth.</p>
<h2 style="text-align: justify" id="strong-could-shib-reach-0-000046-soon-strong"><strong>Could SHIB Reach $0.000046 Soon?</strong></h2>
<p style="text-align: justify">Following a peak at $0.00002804, Shiba Inu experienced notable profit-taking, reinforcing earlier resistance levels. Analyst Motion Man predicts that SHIB might test the $0.000046 mark with a potential 70% increase in the near future.</p>
<p style="text-align: justify">Recent statistics from Coingecko show a 255% rise in SHIB’s trading volume over the past day, indicating increased interest from market participants. Additionally, Coinalyze reports a 19.31% increase in open positions, suggesting that traders are leaning towards long positions in this popular meme coin.</p>
<ul>
 <li>SHIB’s daily active addresses have reached an eight-month high, reflecting growing market engagement.</li>
 <li>Crossing the $0.000046 threshold could lead to a significant upward trajectory.</li>
 <li>Failure to break resistance might result in a decline to levels around $0.000015 or $0.000012.</li>
</ul>
<p style="text-align: justify">The potential for continued upward momentum remains if SHIB can surpass its current resistance point, indicating a strong interest within the trading community as they keep a close watch on key price levels.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-price-surges-significantly" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Inu Price Surges Significantly</a></h5>

Shiba Inu Price Surges Significantly

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