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Shiba Inu (SHIB) Reaches New Levels, Showing Strong Growth

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by Giorgi Kostiuk

8 hours ago

The recent price increase of Shiba Inu (SHIB) raises questions about the potential continuation of the bullish trend. The token has surpassed a key level, attracting trader attention.

Price Growth of SHIB

The Shiba Inu (SHIB) token has finally broken above the 26-day EMA, marking a significant technical milestone. The current price of SHIB is over $0.0000125, indicating an ongoing rally.

Trading Volumes and Trader Interest

Over the past month, more than 100 trillion SHIB tokens have been moved, indicating a resurgence of interest from both long-term holders and speculative traders.

Outlook for Shiba Inu

After successfully breaking the $0.0000125 level, SHIB now faces new resistances at $0.0000130 and $0.0000145, which could be crucial for confirming an upward trend.

Thus, Shiba Inu (SHIB) shows clear signs of growth, attracting trader interest. Future changes in trading volumes may impact further price movements.

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