Shiba Inu (SHIB), a leading dog-themed cryptocurrency, has started 2025 on a strong note. Starting the year at $0.00002, SHIB has steadily climbed, reaching a high of $0.00002425 today. This marks a potential third consecutive day of gains for the asset, reinforcing optimism among investors.
The broader cryptocurrency market has also seen notable improvements as the new year unfolds. With many digital assets experiencing price increases, the renewed interest among investors appears to be driving growth across the sector.
Altcoins, including Shiba Inu, are exhibiting strong performances. Given their higher volatility compared to Bitcoin, altcoins often present greater opportunities for short-term gains, contributing to the current trend.
Historically, the first quarter has been a favorable period for digital assets, which could explain the positive sentiment observed at the start of 2025.
At the time of this report, Shiba Inu was trading at $0.00002425, reflecting a 2% increase over the past 24 hours and a 9% rise every week. Furthermore, SHIB’s 24-hour trading volume has exceeded $550 million, underscoring heightened interest in the token.
SHIB Reaches 102 Trillion Milestone: What Comes Next?
Shiba Inu’s recent rally has brought it into a critical trading range where significant levels of activity have historically occurred. According to data from IntoTheBlock, approximately 102.57 trillion SHIB tokens were acquired within the $0.000022 to $0.000024 price range. This range involved 80,900 addresses, with an average acquisition price of $0.000023.
Currently trading slightly above this range at $0.00002425, Shiba Inu has overcome that mild resistance but faces the next significant resistance zone between $0.000024 and $0.00003. In this range, over 70 trillion SHIB tokens are held by 207,630 addresses, signaling potential challenges for further upward movement.
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Support Levels in Case of Decline
In the event of a price pullback, Shiba Inu has strong support between $0.000019 and $0.000022. Data indicates that approximately 28.77 trillion SHIB tokens are held by 47,250 addresses within this range, suggesting a solid base for the asset should selling pressure increase.
The overall strength of the cryptocurrency market at the start of 2025 is providing a favorable environment for assets like Shiba Inu. While SHIB’s current trajectory appears positive, its ability to maintain momentum will depend on how it navigates resistance zones and sustains investor interest.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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