Shiba Inu (SHIB) is a leading dog-themed cryptocurrency that has started strong in 2025. SHIB opened this year at $0.00002 and has been steadily rising, reaching a peak of $0.00002425 today. This marks a potential third consecutive day of gains for the asset, boosting investor optimism.

With the arrival of the new year, the broader cryptocurrency market has also seen significant improvement. As many digital asset prices rise, the renewed interest from investors seems to be driving growth across the entire industry.

Altcoins, including Shiba Inu, are performing strongly. Given their higher volatility compared to Bitcoin, altcoins typically offer greater short-term profit opportunities, driving the current trend.

Historically, the first quarter has been a favorable period for digital assets, which could explain the positive sentiment observed at the beginning of 2025.

As of the time of writing, Shiba Inu is trading at $0.00002425, up 2% in the past 24 hours and 9% weekly. Additionally, SHIB's 24-hour trading volume has exceeded $550 million, highlighting the growing interest in the token.

SHIB reaches the 102 trillion milestone: What's next?

Shiba Inu's recent rise has placed it in a key trading range, where historically, trading activity levels have been quite high. According to data from IntoTheBlock, approximately 102.57 trillion SHIB tokens were acquired in the price range of $0.000022 to $0.000024. This range involves 80,900 addresses, with an average acquisition price of $0.000023.

Currently, Shiba Inu is trading slightly above this range at $0.00002425, having overcome this mild resistance, but it faces the next significant resistance area between $0.000024 and $0.00003. Within this range, 207,630 addresses hold over 70 trillion SHIB tokens, indicating that further upward movement may face challenges.

Support level during declines

If the price pulls back, Shiba Inu has strong support between $0.000019 and $0.000022. Data shows that 47,250 addresses hold approximately 28.77 trillion SHIB tokens within this range, indicating that the asset's foundation will be very solid if selling pressure increases.

The overall strength of the cryptocurrency market at the beginning of 2025 provides a favorable environment for assets like Shiba Inu. While SHIB's current trend appears positive, its ability to maintain momentum will depend on how it navigates resistance areas and sustains investor interest.

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