- Shiba Inu’s price climbed by 14.41% in the last 24 hours to $0.00002898.
- Trading volume reached 8.6 trillion SHIB, signaling heightened investor engagement.
- Resistance levels near $0.00003000 may challenge continued upward momentum in the short term.
Shiba Inu experienced a notable recovery in the past 24 hours, with its price reaching $0.00002898 after a daily low of $0.00002599. The token’s 14.41% increase highlights growing interest among market participants, backed by significant trading volumes totaling 8.6 trillion SHIB.
Key Support and Resistance Levels
According to CoinMarketCap, the token is approaching its short-term resistance at $0.00003000, a level it has struggled to surpass in recent sessions. Current support is observed near $0.00002600, providing a foundation for potential consolidation. Market watchers are monitoring whether Shiba Inu can sustain its momentum and break through these resistance points.
Implications for Traders
The price movement reflects an overall rise in activity across altcoin markets. Shiba Inu’s performance highlights its position as a speculative asset for traders looking to capitalize on short-term volatility.
