The cryptocurrency market is experiencing an exciting period with Shiba Inu (SHIB) gaining 4% in the last 24 hours and rising to $0.000025. Developments in the Shiba Inu ecosystem and Shibarium in particular stand out as the main factors behind the price increase.
, Shibarium blockchain has achieved a great success by processing over 500 million transactions, indicating the intense interest of the crypto community. Shiba Inu, commonly known as a meme coin, is showing a resilient performance with this 4% rise. This increase is driven not only by the positive sentiment in the general market conditions, but also by constructive developments in the Shiba Inu ecosystem. SHIB’s recent rise is creating more interaction, especially among retail investors.
Shiba Inu’s Layer-2 blockchain project, Shibarium, has passed a major milestone by processing over 500 million transactions. This achievement reflects the network’s growing popularity and the growing community support for Shiba Inu. As the Shiba Inu ecosystem grows, Shibarium’s infrastructure is expected to provide more benefits for SHIB, attracting broader investor interest.
Analysts note that the next significant resistance level for SHIB is around $0.00003. It is stated that there are large buy orders at this level, which is a barrier that will test the cryptocurrency’s rise. If SHIB breaks this resistance level, the price has the potential to rise to $0.000033 and even higher. However, if this resistance level is not broken, SHIB may pull back to previous lows.
According to IntoTheBlock data, 18.66 trillion SHIB were purchased by around 62,470 addresses at prices between $0.000027 and $0.00003. This suggests that the $0.000028 level could be a key support area. If SHIB stays above this level, the uptrend could strengthen. However, if the price breaks below the $0.000022 level, a broader correction to the $0.000030 to $0.000013 level is possible.
Recently, the Shiba Inu network has been attracting great interest from retail investors. 94.12 trillion SHIB were acquired by approximately 94,000 addresses at prices between $0.000019 and $0.000024. This investment shows that confidence in the potential of Shiba Inu is growing and a long-term bullish outlook is possible.
