The cryptocurrency Shiba Inu continues to show impressive growth following a month of consolidation and bearish pressure. The price of SHIB has changed significantly in recent days.
Current Shiba Inu Metrics
Shiba Inu has reached a price of $0.0000151, which is up 3.36% from the previous 24 hours. Trading volume has increased by 30.31% to $693.49 million. This month, Shiba Inu has risen by 32%, marking the most significant increase since February.
Market Level Analysis
SHIB is nearing a market capitalization of $9 billion, currently at $8.86 billion. Notably, 129,240 addresses hold 502.7 trillion SHIB in the range between $0.000015 and $0.000019, which may serve as a launchpad for further growth.
Future Outlook
The zone between $0.000015 and $0.000019 is a critical battleground between bulls and bears. If Shiba Inu can reclaim positions in this range, it may serve as a springboard for future gains. Achieving a price of $0.000024 would signify a 60% increase. There is also fresh support in the $0.000014 to $0.000015 range, where 14.45 trillion SHIB is held.
Thus, Shiba Inu demonstrates positive trends associated with growing hopes for new initiatives in the cryptocurrency ecosystem, particularly in the field of artificial intelligence.
