- Shiba Inu’s price shows strong upward momentum, approaching a critical resistance at $0.00003000.
- Significant rise in SHIB’s trading volume and market cap indicates robust buying interest and potential for further gains.
- Despite being overbought, technical indicators suggest short-term bullish momentum for SHIB, with forecasts showing optimism for June 2024.
Shiba Inu has shown significant momentum breaking through resistance levels and initiating a fresh upward trend. Currently trading at $0.00002866, the currency has appreciated in value. This has led to an increase in market capitalization, now at $16.89 billion, an increase of 15.96%. The 24-hour trading volume has also risen by 94.86% to $1.97 billion.
Starting from $0.00002472, SHIB’s price has followed an upward trajectory with minor fluctuations. This low point in the time frame serves as a crucial support level. The day’s price movement has been marked by breaking through several minor resistance points, underscoring strong buying pressure. The peak price of $0.00003000, however, presents a key resistance level that SHIB is currently facing.
The support level at $0.00002472 has been confirmed as c…
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