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I have some important news about $SHIB's next potential move! Shiba Inu ($SHIB ) is looking to bounce back dramatically in the market today, especially as Bitcoin (BTC) has surged back to $67,000 for the first time in over three weeks.
Over the past week, SHIB has shown a 10% increase, reaching $0.00002499 according to CoinMarketCap. However, there are some mixed signals. Although SHIB's price has risen by 0.85% in the last 24 hours, it hasn't been able to break past the $0.00002461 to $0.0000253 price range.
One major factor hindering SHIB's rise is its low trading volume, which has dropped by 36.76% to $407,626,780. This lack of buying activity suggests a bearish sentiment that could keep prices below the breakout point of $0.0000253 for a while.
Despite these challenges, Shiba Inu remains a highly watched meme coin in the market. While it has struggled to regain its position in the top 10 digital currencies, recent upgrades and milestones on Shibarium, its Layer-2 scaling solution, offer hope for a turnaround.
Additionally, Shiba Inu whales have shown willingness to impact the token's circulating supply. Recently, a SHIB whale reemerged after three years, making a $3.2 million profit.
Although there are obstacles ahead, SHIB is aiming to hold strong around the $0.000025 mark.
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