The dog-themed cryptocurrency Shiba Inu (SHIB) is eyeing a push to $0.000014. However, a supply of 236 billion SHIB could influence its next move.
Current Market Situation for Shiba Inu
Currently, Shiba Inu is valued at $0.00001285, having risen by 0.7% in the past 24 hours and 6% over the week. Over the past two days, the price has oscillated between $0.00001227 and $0.000013, as market participants eagerly await the next move.
Expert Analysis and Forecasts
If the $0.000014 resistance level is breached, Shiba Inu could reach its next target, where 548 trillion SHIB await transition into the range of $0.000014 to $0.000019. However, if the $0.000014 level is not breached, a consolidation or minor correction could form before another rally attempt.
Statistics and Key Indicators
According to IntoTheBlock data, 236.46 billion SHIB are currently valued at $0.000014 by 3,780 addresses, marking this as a key resistance level. In the event of a decline, support is anticipated at $0.0000108, which previously halted the price drop on March 11.
Shiba Inu is on the verge of a significant move. The outcome of the next developments could determine its future trajectory, drawing the attention of investors and traders.
