Shiba Inu has cleared a zero again, surpassing the $0.00001 resistance level on the SHIB/USDT chart. This milestone is significant, not so much because of its spectacular nature, but because it highlights SHIB's ability to remain relevant in the market. SHIB's recent price performance reveals a token on the move, oscillating around key psychological barriers. The breakout of the 0.00001USD level indicates bullish sentiment among investors, albeit within the token's typically volatile trading patterns.
Despite this achievement, overall SHIB market activity remains relatively quiet in terms of exceptional developments. The burn rate, a mechanism that could boost value by reducing supply, remains low, failing to make a significant impact on the token price. Furthermore, whale activity, often a catalyst for substantial price movements, has shown no notable fluctuations or transactions that would suggest a new market phase for SHIB.
