Shiba Inu Coin (SHIB) has performed well during the recent market volatility, experiencing a notable rally with the price increasing by 15.27% in the past 24 hours to reach $0.00001538. This strong rebound has attracted widespread attention in the cryptocurrency community, and people have begun to pay attention to the future trend of SHIB.
SHIB made this strong rally by quickly reversing its previous downward trend after hitting low support at $0.0000127 last Friday. Behind this rally was a significant increase in activity from large holders (often referred to as “whales”), which resulted in a 197% increase in SHIB inflows, thereby pushing up its price.
The sudden improvement in overall sentiment in the cryptocurrency market has also provided support to the performance of digital assets such as SHIB. At the same time, Shiba Inu’s community remains very active and engaged, continuing to support the development of this token.
SHIB project leader Shytoshi Kusama made his first public appearance at the IVS conference in Kyoto, attracting widespread attention. Wearing a black haori samurai costume and a Batman-style mask, he interacted with the Shiba Inu community and other cryptocurrency enthusiasts, but his identity remained mysterious.
The market is full of expectations for the next trend of SHIB, and in particular, it is necessary to pay close attention to the key levels that may appear on the SHIB chart. In order to maintain the upward momentum, a stable or bullish trend in the overall market environment is crucial for SHIB's continued growth.
According to IntoTheBlock, if SHIB can continue its current rally, it will face the next significant resistance level between $0.000015 and $0.000019, areas where 433.96 trillion SHIB is held by 83,560 addresses. Conversely, if SHIB price pulls back, $0.000014 will serve as an intermediate support level.
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