The start of 2025 has proven favorable for the cryptocurrency Shiba Inu (SHIB), which shows a trend towards growth.
Shiba Inu Rally and Key Levels
Shiba Inu began 2025 at $0.00002 but has climbed to $0.00002425 today. This may mark the third consecutive day of gains, boosting investor optimism. Overall, the cryptocurrency market also shows notable improvements, with many assets experiencing price increases. The broad interest among investors is driving sector growth, especially among altcoins.
Strategic Levels and What's Next?
Shiba Inu's recent rally has moved it into a critical trading range where significant activity has historically occurred. According to data, approximately 102.57 trillion SHIB tokens were acquired within the $0.000022 to $0.000024 price range. This range involves 80,900 addresses with an average acquisition price of $0.000023. Currently, Shiba Inu is trading slightly above this range but faces significant resistance between $0.000024 and $0.00003, where more than 70 trillion tokens are held.
Support Levels in Case of Decline
In the event of a price pullback, Shiba Inu has strong support between $0.000019 and $0.000022. Approximately 28.77 trillion SHIB tokens are held by 47,250 addresses within this range, suggesting a solid base should selling pressure increase. The overall positive dynamics in the cryptocurrency market also favor assets like Shiba Inu.
Shiba Inu starts 2025 with a notable strengthening, showing potential for further growth. However, maintaining this momentum depends on overcoming resistance levels and sustaining investor interest.
