时间：2024-03-09|浏览：245
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Breaking Update in Shiba Inu
Shiba Inu (SHIB) Breaks Crucial Resistance on Its Journey to All-Time High (ATH).
Despite encountering obstacles, Shiba Inu (SHIB) has demonstrated impressive resilience since surpassing the $0.00003 milestone. In its pursuit to reclaim its ATH, SHIB is now focusing on a significant resistance point, as indicated by insights from the crypto analytics platform Into TheBlock (ITB).
ITB's data reveals that 1.1 million Shiba Inu addresses are currently profitable. Of these, around 18,360 addresses are positioned for breakeven at $0.000035 to $0.000037, while the most crucial resistance lies between $0.000057 to $0.000131. This range, where 84,120 addresses hold 29.72 trillion SHIB, poses a substantial challenge for the meme coin's upward trajectory.
Despite these challenges, recent bullish momentum, including a surge to a 52-week high of $0.00004534, suggests that breaching this resistance may be within reach.
SHIB has experienced remarkable growth of 238.94% this year, achieving a significant milestone by eliminating a zero and establishing $0.00001 as a robust support level.
Factors Driving SHIB's Growth.
To overcome persistent resistance levels, SHIB needs to leverage both internal and external catalysts to sustain its bullish momentum. The ongoing Shiba Inu burn campaign plays a vital role in managing its circulating supply, aligning with increasing demand amid the meme coin revolution.
Additionally, SHIB is benefiting from the broader excitement surrounding digital currencies, fueled by the emergence of Bitcoin spot Exchange Traded Fund (ETF) products. Short-term targets for SHIB are set at $0.00005, with long-term aspirations reaching $0.00007.
Stay tuned for more updates on this trending topic!
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