The price of Shiba Inu (Shib) is currently at $ 0.000015highlighting a crucial phase for the meme piece which could mark a trend reversal. After fighting for a long time under a descending trend line, Shib tries to get out of the trend of bears, arousing new hopes among investors.
Current price and statistics of the Shiba Inu (Shiba) market
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Currently, the market capitalization of Shiba Inu is $ 8.67 billionWith a domination of 0.32% and a volume of trading in the last 24 hours of $ 274.26 million. The token is in the sixteenth position Among the most popular cryptocurrency and has a power supply 589.25 Billions Salogner.
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The summit of all time of Shiba Inu was $ 0.000090Reached in 2021. Compared to this peak, the current value shows a clear correction, but the recent attempt to exceed significant resistance could open new bull scenarios.
The breakdown of resistance: what to expect?
The most recent price action shows that Shib is trying to break the Key resistance at 0.0000165. If he manages to consolidate above this level with good volume support, the meme piece could open the way to more ambitious targets. The next targets to watch are:
- $ 0.0000170First level of intermediate resistance
- $ 0.0000185more solid resistance zone
If the escape is confirmed, Shiba Inu could arouse greater interest in investors and record a significant increase in the short term.
The current attempt to break with the downward trend line could be the signal of a possible trend reversal. However, so that the price of Shiba Inu is really gaining momentum, it will be essential to observe the volume of negotiation: an increase in demand could push Shib beyond critical levels and confirm the resumption of the trend of bulls.
Next week will be crucial to understand if Shiba Inu will be able to consolidate her movement above the current resistance or if she will undergo a new phase of consolidation before another attempt to break.
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Conclusion
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The price of Shiba Inu is in the delicate phase, with the possibility of a bullish reversal if it exceeds key resistance. With a stable market capitalization and a solid support community, Shib could experience growth in the coming weeks, but the commercial volume and the confirmation of the technical escape will be determining factors.
Will Shib will manage to confirm the escape and aim for new heights? We are looking for new developments on the market!