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Analysis of SHIB's Bullish Trend and Resistance Levels

Jun 4, 2024

The crypto market speculates on Shiba Inu's ability to reach $0.0001, driven by recent gains and high trading volume. SHIB is currently priced at $0.00002494, suggesting an upward trend after experiencing historical spikes and subsequent stabilizations. Support levels at $0.00000001 provide long-term security, while near-term support is observed around $0.00002494.

$0.00002495 acts as a crucial resistance level to breach for potential significant gains. Major resistance points at $0.00010001 and intermediate levels at $0.00005000 and $0.00001500 present key price hurdles to overcome. Breakouts above these levels could signal positive market movements for SHIB.

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