Shiba Inu (SHIB) shows significant growth, increasing by 42.23% over the last 30 days. The price reached $0.000001883, with the market cap surpassing $11 billion. Support from Bitcoin strengthens the coin's position.

Shiba Inu’s 30-Day Price Surge

Shiba Inu (SHIB), one of the most popular meme coins, has captured attention by gaining 42.23% over the last 30 days. Its market capitalization has exceeded $11 billion, currently trading at $0.000001883. In the past 24 hours, SHIB increased by 4.11%, and by 11.47% over the past seven days.

Shiba Inu Price Analysis

On the 4-hour chart, Shiba Inu rebounded from the 38.20% Fibonacci level at $0.0000017725, indicating a bullish reversal. The coin has tested the double-bottom formation and reached $0.000001896, breaking through the 61.80% Fibonacci level. The current triangular formation suggests potential for early breakout.

Shiba Inu Price Targets

As Shiba Inu’s bullish momentum increases, the MACD lines have entered positive territory, strengthening the trend. Should Shiba Inu break the 61.80% Fibonacci level, it might challenge resistance at $0.0000021145. If the market continues to recover, Shiba Inu could hit $0.0000025226 by the month's end. Support might appear at $0.00000177 and $0.00000160 levels.

Shiba Inu has shown remarkable growth over the past 30 days, solidifying its position among meme coins. Technical analysis indicates that ongoing formations and trends suggest the potential for further gains. However, given the volatility of the crypto market, it is advised to remain cautious and manage risks.