LIVE🎉🎉Good news for Shiba Inu users 💐💐
🔥Shiba Inu Looks to Leverage Massive Volume Spike to Breach 2-Week High at $0.000037
🔥Shiba Inu (SHIB) has finally conquered the $0.00003 price threshold, with a push to breach a 2-week high above $0.00003767 amid a surge in trade volume.
The recent achievement comes over a week since it collapsed below the $0.00003 level. Shiba Inu had experienced a remarkable surge to a fresh yearly high of $0.00004563 on March 5, only to encounter resistance at this threshold.
The retracement occurred concurrently with a phase of bearish sentiment in the wider market, further intensifying SHIB’s decline and causing the token to dip below $0.00003. Despite finding support at the lower spectrum of $0.00002, SHIB failed to garner sufficient momentum to reclaim $0.00003.
The recent market recovery provided strength for this endeavor, allowing Shiba Inu to reclaim $0.00003 on March 25. However, the cryptocurrency failed to retain the price level at the time. SHIB’s remarkable resilience saw it accomplish this yesterday when it closed above $0.00003.
Shiba Inu Pushes for $0.000037
Shiba Inu has now surged beyond $0.000031, effectively establishing dominance over the $0.00003 zone. Presently trading at $0.00003127, the asset faces its next resistance level on the daily chart at $0.00003163, corresponding with the 0.618 Fibonacci retracement point.
🔥Shiba Inu Overtakes BNB, XRP, ADA in Volume
Despite the anticipated resistance, the bulls may capitalize on the increasing interest in Shiba Inu to orchestrate a robust campaign at surpassing these barriers. SHIB’s trading volume has surged 43% within 24 hours to $2.18 billion, positioning it among the top 10 assets by trade volume.
Interestingly, Shiba Inu has outpaced BNB ($2.06 billion), XRP ($1.85 billion), and Cardano ($606 million) in 24-hour trading volume. Additionally, with a notable 17.33% surge in Open Interest to $114 million, these metrics signify that investor interest is increasingly flowing into the SHIB market, potentially bolstering demand.
