- SHIB outperforms other top cryptocurrencies like Dogecoin in the past week, securing a spot among the top performers in the top 100.
- Recent listings on LBank and bitcoin.com.au, combined with futures contracts on Binance and LBank, are driving the surge in SHIB's price.
- LBank introduces SHIB and BONE (Shiba Inu's governance token) with futures contracts offering leverage of up to 50x.
- Binance launches a USDC-margined "1000SHIB" perpetual contract with 50x leverage, effective March 28th.
- SHIB maintains consolidation above $0.00003, indicating bullish sentiment and potential for further upward momentum upon breaking this resistance level.
Shiba Inu's recent performance has positioned it as a top-performing asset among the top 100 cryptocurrencies, outshining competitors like Dogecoin, PEPE, and WIF on daily timeframes. With a remarkable 20% surge over the past week, SHIB has captured investor attention.
The surge in SHIB's value coincides with its recent listings on LBank, a leading crypto exchange. LBank's strategic listing of SHIB and its governance token BONE, along with futures contracts offering up to 50x leverage, has fueled investor interest.
Additionally, Binance's announcement of a USDC-margined "1000SHIB" perpetual contract further bolsters SHIB's momentum. This contract, set to launch on March 28th, provides traders with an opportunity to trade SHIB with leverage.
Shiba Inu's presence has expanded with its listing on bitcoin.com.au, facilitating easy access for Australian users. This move strengthens SHIB's global market presence and reinforces its position in the Australian crypto landscape.
Analyzing SHIB's price action, it's evident that the cryptocurrency has rebounded significantly from its support level of $0.000024. Currently consolidating around the $0.00003 resistance level, SHIB's bullish outlook remains intact. A breakout above this resistance could propel SHIB towards retesting the $0.00004 resistance level.
Overall, SHIB's performance remains bullish, contingent on maintaining support above $0.000024. Investors should conduct thorough research and exercise caution due to the volatile nature of cryptocurrencies.
(Note: The information provided is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.