• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Growth Prospects: Shiba Inu (SHIB) Stabilizes

user avatar

by Giorgi Kostiuk

a year ago

Shiba Inu (SHIB) is demonstrating potential for recovery following a significant price correction. Analysts predict a possible substantial rally.

Stabilization and Recovery Signs

In December 2024, SHIB reached its strongest price point in eight months at $0.00003330, followed by a corrective phase reducing the price by 44%. The token has now stabilized in the $0.00002 range. Analysts suggest that Shiba Inu has found a local bottom, indicating potential for upward momentum.

Key Resistance Levels

Analysts emphasize the importance of the $0.000025 level for maintaining bullish growth. Surpassing this level with strong trading volume could lead to a retest of its December high of $0.000033 and potentially reach new heights.

Broader Market and Expectations

Improved sentiment in the cryptocurrency market, driven by Bitcoin’s recovery to $100,000, creates favorable conditions for SHIB. The token demonstrates resilience amid market fluctuations, highlighting the potential for significant recovery.

Shiba Inu has the potential for growth, supported by stabilization and technical indicators pointing towards upward momentum. Market and trends dynamics will play a crucial role in determining the token's future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Leading Altcoins by Unique Wallet Addresses Revealed

chest

A recent report reveals a list of altcoins with the most unique wallet addresses, highlighting BNB Chain, Ethereum, and Tron as the top contenders.

user avatarKenji Takahashi

Unique Wallet Addresses Surge in Cryptocurrency Market

chest

Recent data reveals a significant increase in the number of unique wallet addresses holding various cryptocurrencies, indicating a rise in user adoption.

user avatarDiego Alvarez

Trump Faces Supreme Court Scrutiny Over Tariff Powers

chest

The US Supreme Court is reviewing President Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, which could lead to significant changes in US trade policy.

user avatarMaria Fernandez

Kalshi Faces Legal Challenges Over Sports Wagering Regulations

chest

Kalshi is involved in a legal dispute with Connecticut regulators over the classification of its event contracts as illegal gambling.

user avatarGustavo Mendoza

BANANA Trades Within Symmetrical Triangle Indicating Potential Breakout

chest

BANANA is currently consolidating within a symmetrical triangle, indicating potential for a breakout.

user avatarRajesh Kumar

Circle Gains Conditional Approval for First National Digital Currency Bank

chest

Circle has received conditional approval from the US Office of the Comptroller of the Currency to establish the First National Digital Currency Bank.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.