What’s Ahead For SHIB Price?
At the time of reporting, SHIB price traded at $0.00002593, down marginally by 0.06%. Its intraday low and high were $0.00002551 and $0.00002633, respectively. Besides, the monthly chart for the coin shows a 39% uptick, underscoring optimism in light of the SHIB burn surge and community advancements.
Simultaneously, a Shiba Inu price analysis by CoinGape Media revealed that the token eyes potential gains ahead, although the chances of a $1 target this year remain slim. Besides, if the coin sustains its monthly bullish momentum, it could break the resistance of $0.00003. This bullish drive could further pave the path for a $0.0004 price target in turn.
Meanwhile, rising Shiba Inu whale accumulation have added to market optimism surrounding the coin’s price action ahead. CoinGape Media reported a major whale to have continued bagging the token amid a bull market. Simultaneously, crypto market participants continue to monitor the meme-themed coin for further price action shifts in light of optimistic statistics.