Shiba Inu Breaks Major Resistance: The price of Shiba Inu went up a lot and broke through a big obstacle. Now, it’s expected to keep rising to $0.00006326 because of this recent increase, making it one of the top winners.
Shiba Inu (SHIB) has had a huge increase in the last week, going up by a massive 380%. This surge in price also means it broke through several levels that previously stopped its value from rising.
The most recent point where resistance was overcome in the past few hours is at the price of $0.000040. Shiba Inu bulls struggled a lot at this price level before finally breaking through.
After surpassing the price of $0.000040, Shiba Inu reached a peak of $0.00004486. This is the highest price SHIB has reached since April 2022, right before the market crash caused by Terra.
After surpassing the $0.000040 hurdle, Shiba Inu bulls are aiming for the $0.00006326 price range next. Shiba Inu last reached this level in December 2021, just two months after hitting its highest price ever.
Shiba Inu Breaks into the Top 10
Shiba Inu’s price went up a lot recently, leaving other cryptocurrencies behind. It’s now doing better than big ones like Chainlink (LINK), Polygon (MATIC), and Tron (TRX).
Yesterday, Shiba Inu became one of the top ten cryptocurrencies by value. Its market worth is now $24.4 billion, and it’s catching up to Dogecoin, which has a market value of $27.2 billion.
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