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Dog-Themed Cryptocurrency Shiba Inu (SHIB) started 2025 on a positive note. SHIB notably started to rise on the first day of 2025, rising from a low of $0.00002. The rally then gained momentum, culminating with a high of $0.00002383 during today’s trading session.
If Shiba Inu ends today’s session in green, he will have won three days in a row to start the new year.
The broader cryptocurrency market has seen an uptick, with many digital assets seeing significant gains. Cryptocurrency prices are rising again, with several alternatives to Bitcoin outperforming as investors increase their holdings at the start of the new year. Altcoins tend to be more volatile than Bitcoin, leading to higher profits and losses, which could explain the current trend.
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Crypto’s green start to the year could also be attributed to the historically strong performance of digital assets in the first quarter.
This positive market sentiment has likely contributed to SHIB’s recent performance. At the time of writing, SHIB was up 4.44% over the past 24 hours to $0.00002363 and up 10% for the week. Shiba Inu trading volume surpassed $500 million in the last 24 hours, indicating growing interest in the cryptocurrency market.
The SHIB range of 102 trillion has been reached, what’s next
The increase brought SHIB at a crucial range where over 102 trillion SHIB are held by Shiba Inu addresses.
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According to IntoTheBlock data102.57 trillion SHIBs were purchased in a range between $0.000022 and $0.000024 at an average price of $0.000023 per 80,900 addresses.
Shiba Inu is trading at the lower end of this range with a current price of $0.0000236. Looking ahead, Shiba Inu faces slight resistance up to $0.000024 as a minor SHIB of 39 billion is held here.
The next major resistance for SHIB lies between $0.000024 and $0.00003, where 70 trillion SHIB is held by 207,630 addresses.
On the other hand, in the event of a decline, immediate support is seen between $0.000019 and $0.000022, where 28.77 trillion SHIB is held by 47,250 Shiba Inu addresses.