$SHIB

Shiba Inu (SHIB) Leads on AVAX with Prices Up 10%

The price of the popular cryptocurrency Shiba Inu (SHIB) recorded its best weekly performance since April 15, with an increase of more than 10% over the past seven days. As a result of this development, the market value of the popular meme-inspired cryptocurrency rebounded to $10.18 billion, allowing it to occupy 12th place in the ranking of the best cryptocurrencies, according to CoinMarketCap.

Furthermore, this enables SHIB, which originated as a meme cryptocurrency, to outperform Avalanche (AVAX) in the market rankings. AVAX is a comprehensive layer 2 blockchain solution built on Ethereum. What are the next steps for the Shiba Inu token? The current price of SHIB is reflected in the level of buying activity this week. However, further steps will depend on the Shiba Inu token breaking a strong resistance level at $0.00001833. If this happens and the weekly candle closes above this price point, it will confirm SHIB's bullish bias.

This could boost SHIB prices to a high of $0.00003, where the next major resistance level lies.